governmental mortgage guarantee plans, and greater reliance on private mortgage markets. The analysis also considers the likely … consequences of adopting alternative roles for government in the U.S. housing and mortgage markets. We start by reviewing the … history of the GSEs and their contributions to the operation of U.S. housing and mortgage markets, including the actions that …

homeownership. In this paper we use property-level data to estimate the effect of government mortgage guarantees on homeownership … reduce the government's involvement in the mortgage market by reducing the CLLs …