O'Reilly logo

Guaranteed to Fail by Lawrence J. White, Viral V. Acharya, Stijn van Nieuwerburgh, Matthew Richardson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

APPENDIX

TIMELINE OF U.S. HOUSINGFINANCE MILESTONES

Year/Act

Critical Reform or Eventfor Housing Finance

1932: Federal Home Loan Bank (FHLB) Act

Creation of an early government-sponsored enterprise (GSE): a system of 12 FHLBs to borrow at low rates in markets and lend to mortgage-lenders

“New Deal”: 1933 Home Owners Loan Act (HOLA) and 1934 National Housing Act (NHA)

Creation of the Federal Housing Administration (FHA) that offered mortgage insurance to lenders on qualified mortgages

1938

Creation of the National Mortgage Association (NMA) of Washington, which changed its name to the Federal National Mortgage Association (FNMA)—“Fannie Mae”—authorized to borrow in capital markets and buy FHA-insured mortgages

1944: The Servicemen’s ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required