The Home loan Wars: Inside Fannie Mae, Massive-Dollars Politics, and the Collapse of the American Desire


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The former Fannie Mae CFO’s inside glimpse at the war between the economic giants and government regulators

A provocative accurate-existence thriller about the all-out combat for dominance of the property finance loan industry—and how it nearly destroyed the world wide fiscal process

Several textbooks have been created about the 2008 monetary crisis, but they miss the most important tale of the meltdown: the fight involving large money companies to dominate the $11 trillion mortgage loan market place that virtually wrecked the worldwide money procedure. For much more than 20 years, till 2004, Timothy Howard was a senior government at the most effective recognized of all those organizations, Fannie Mae, and he was in the center of that fight.

In The Home loan Wars, Howard explains how seemingly unrelated developments in banking regulation, housing policy, Wall Avenue economical innovation, and political lobbying all merged to wreak havoc on the American housing marketplace and the globe economic system.

Timothy Howard was Vice Chairman and Main Money Officer of Fannie Mae until finally 2004. Prior to this, he was senior economic economist at Wells Fargo Lender in San Francisco.