000706241 000__ 03112cam\a2200361\i\4500 000706241 001__ 706241 000706241 005__ 20210515095735.0 000706241 008__ 130910s2014\\\\nyu\\\\\\b\\\\001\0\eng\\ 000706241 010__ $$a 2013033450 000706241 020__ $$a9780071821094$$qhardcover$$qalkaline paper 000706241 020__ $$a0071821090$$qhardcover$$qalkaline paper 000706241 035__ $$a(OCoLC)ocn837954348 000706241 035__ $$a706241 000706241 040__ $$aDLC$$beng$$erda$$cDLC$$dIG#$$dYDXCP$$dBTCTA$$dBDX$$dOCLCO$$dUKMGB$$dWNE$$dVP@$$dABG$$dOCLCF$$dCOO$$dCHVBK$$dLMR$$dNSB 000706241 043__ $$an-us--- 000706241 049__ $$aISEA 000706241 05000 $$aHG2040.5.U5$$bH69 2014 000706241 08200 $$a332.7/20973$$223 000706241 1001_ $$aHoward, Timothy$$c(Business writer),$$eauthor. 000706241 24514 $$aThe mortgage wars :$$binside Fannie Mae, big-money politics, and the collapse of the American dream /$$cTimothy Howard. 000706241 264_1 $$aNew York :$$bMcGraw-Hill Education,$$c[2014] 000706241 300__ $$axvi, 288 pages ;$$c24 cm 000706241 336__ $$atext$$2rdacontent 000706241 337__ $$aunmediated$$2rdamedia 000706241 338__ $$avolume$$2rdacarrier 000706241 504__ $$aIncludes bibliographical references and index. 000706241 5050_ $$aPrincipal players in the mortgage wars story -- 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. 000706241 520__ $$aThis book is former Fannie Mae CFO's inside look at the war between the financial giants and government regulators. In this provocative true-life thriller he tells about the all-out fight for dominance of the mortgage industry, and how it nearly destroyed the global financial system. Many books have been written about the 2008 financial crisis, but they miss the biggest story of the meltdown: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global financial system. For more than twenty years, until 2004, the author was Vice Chairman and Chief Financial Officer at the best-known of those companies, Fannie Mae, and he was in the middle of that fight. Here he explains how seemingly unrelated developments in banking regulation, housing policy, Wall Street financial innovation, and political lobbying all combined to wreak havoc on the American housing market and the world economy. 000706241 61020 $$aFederal National Mortgage Association. 000706241 650_0 $$aMortgage loans$$zUnited States. 000706241 650_0 $$aSubprime mortgage loans$$zUnited States. 000706241 650_0 $$aMortgage banks$$zUnited States$$xHistory. 000706241 650_0 $$aHousing$$zUnited States. 000706241 85200 $$bgen$$hHG2040.5.U5$$iH69$$i2014 000706241 909CO $$ooai:library.usi.edu:706241$$pGLOBAL_SET 000706241 980__ $$aBIB 000706241 980__ $$aBOOK