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Good book(s) on Fannie Mae/Freddie Mac?


permabear
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I want to get a better understanding of how Fannie/Freddie started & grew, what they did, why they failed, the resulting outcome, where they are today/how they are different, etc. I am interested to see how they compare to CMHC in Canada, which not only securitizes mortgages, but is also heavily involved in providing mortgage insurance (not to mention companies like Genworth, which are 90% backed by gov't).

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I want to get a better understanding of how Fannie/Freddie started & grew, what they did, why they failed, the resulting outcome, where they are today/how they are different, etc. I am interested to see how they compare to CMHC in Canada, which not only securitizes mortgages, but is also heavily involved in providing mortgage insurance (not to mention companies like Genworth, which are 90% backed by gov't).

 

The Wesco letters have some interesting things to say about Freddie.

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