Coverart for item
The Resource The mortgage wars : inside Fannie Mae, big-money politics, and the collapse of the American dream, Timothy Howard

The mortgage wars : inside Fannie Mae, big-money politics, and the collapse of the American dream, Timothy Howard

Label
The mortgage wars : inside Fannie Mae, big-money politics, and the collapse of the American dream
Title
The mortgage wars
Title remainder
inside Fannie Mae, big-money politics, and the collapse of the American dream
Statement of responsibility
Timothy Howard
Title variation
Inside Fannie Mae, big-money politics, and the collapse of the American dream
Creator
Subject
Language
eng
Summary
"The former Fannie Mae CFO's inside look at the war between the financial giants and government regulators A provocative true-life thriller about the all-out fight for dominance of the mortgage industry--and how it nearly destroyed the global financial system. Many books have been written about the 2008 financial crisis, but they miss the biggest story of the meltdown: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global financial system. For more than twenty years, until 2004, Timothy Howard was a senior executive at the best known of those companies, Fannie Mae, and he was in the middle of that fight. In The Franchise, Howard explains how seemingly unrelated developments in banking regulation, housing policy, Wall Street financial innovation, and political lobbying all combined to wreak havoc on the American housing market and the world economy. Timothy Howard was Vice Chairman and Chief Financial Officer of Fannie Mae until 2004. Prior to this, he was senior financial economist at Wells Fargo Bank in San Francisco"--
Assigning source
Provided by publisher
Dewey number
332.7/20973
Index
index present
LC call number
HG2040.5.U5
Literary form
non fiction
Nature of contents
bibliography
Label
The mortgage wars : inside Fannie Mae, big-money politics, and the collapse of the American dream, Timothy Howard
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Contents
The mortgage wars and the financial crisis. The financial market wildfire ; The largest credit market in the world -- Fannie Mae's rise to prominence. Birth, trial, and turnaround ; Managing risk ; The Volcker standard gives Fannie Mae an edge ; Fannie Mae's opponents change tactics ; Conflicts with fast-growing lenders -- The fight for the mortgage market. A surprise from the Treasury Department ; Private-label mortgage-backed securities ; A gathering storm of opposition ; Fannie Mae tightens its disciplines ; Private label takes center stage ; A compromise attempt turns into full-scale war -- Countdown to the meltdown. Allegations of fraud : the special examination ; Sorting out the facts ; Baseless demand, fateful results ; The market melts down : Fannie Mae is nationalized ; Aftermath
Control code
sky257806777
Dimensions
24 cm.
Extent
xvi, 288 pages
Isbn
9780071821094
Lccn
2013033450
System control number
a1969351
Label
The mortgage wars : inside Fannie Mae, big-money politics, and the collapse of the American dream, Timothy Howard
Publication
Bibliography note
Includes bibliographical references and index
Contents
The mortgage wars and the financial crisis. The financial market wildfire ; The largest credit market in the world -- Fannie Mae's rise to prominence. Birth, trial, and turnaround ; Managing risk ; The Volcker standard gives Fannie Mae an edge ; Fannie Mae's opponents change tactics ; Conflicts with fast-growing lenders -- The fight for the mortgage market. A surprise from the Treasury Department ; Private-label mortgage-backed securities ; A gathering storm of opposition ; Fannie Mae tightens its disciplines ; Private label takes center stage ; A compromise attempt turns into full-scale war -- Countdown to the meltdown. Allegations of fraud : the special examination ; Sorting out the facts ; Baseless demand, fateful results ; The market melts down : Fannie Mae is nationalized ; Aftermath
Control code
sky257806777
Dimensions
24 cm.
Extent
xvi, 288 pages
Isbn
9780071821094
Lccn
2013033450
System control number
a1969351

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