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《Chinese Review of Financial Studies》 2011-05
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Fannie Mae-Freddie Mac and Evolution of US Housing Market——With Implications for China's Security Housing Finance Mechanism

WANG Lina(Institute of Economics,Chinese Academy of Social Sciences,Beijing,100836,China)  
Financial crisis leads more criticize on Fannie Mae-Freddie Mac and securitization.This paper tries to make a systematic study on the evolution of US housing finance system at historical,political and economic angles with internal and external mechanism.At First,it gives objective appraisal of their active role in transition of US tradition housing finance to a modern one.Then,through analyzing the post-internet bubble's change of market environment,their self assets structure,financial and real economic factors that caused financial crisis,it reveals their role as the government rescue tool and key steps of future housing finance reform.At last,we raise policy recommendations on the establishment of policy-oriented housing system in China based on the study of fund shortage of for security housing supply.
【CateGory Index】: F837.12;F293.3
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【Co-citations】
Chinese Journal Full-text Database 4 Hits
1 Wang Lina;Facing Global Real estate Investment[J];Finance & Economics;2006-10
2 YIN Shao-dong(School of Finance,Hebei University of Economy and Trade,Shijiazhuang,Hebei 050000);The Western Experience of Tax-collecting on Real Estate and its Reference Value for China[J];Journal of Mianyang Normal University;2008-04
3 Su Yingrong;The Analysis of Financialization in Price Variation of Global Agriculture Commodity[J];Issues in Agricultural Economy;2011-06
4 Liang Wei Quan Yu Jian Yuan;Developing real estate investment trust fund and broadening real estate financial channel[J];Special Zone Economy;2009-04
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