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Unpublished Paper
FANNIE MAE AND FREDDIE MAC; LEGAL IMPLICATIONS FOR A SUCCESSOR COOPERATIVE
ExpressO (2011)
  • Michael E Murphy
Abstract

A financial cooperative of mortgage originators is capable of assuming the core securitization functions of Fannie Mae and Freddie Mac as part of a scheme to dismantle these institutions. Such a cooperative would offer advantages in maintaining adequate capitalization and in providing an effective governance structure. A federally chartered, Subchapter T cooperative appears preferable for this purpose.

Disciplines
Publication Date
September 28, 2011
Citation Information
Michael E Murphy. "FANNIE MAE AND FREDDIE MAC; LEGAL IMPLICATIONS FOR A SUCCESSOR COOPERATIVE" ExpressO (2011)
Available at: http://works.bepress.com/michael_murphy/9/