The Mortgage Wars: Inside Fannie Mae, Big-Money Politics, and the Collapse of the American Dream, 1st Edition

Principal Players in the Mortgage Wars Story vii
Preface xi
Acknowledgments xv
PART ONE The Mortgage Wars and the Financial Crisis
CHAPTER 1 The Financial Market Wildfire 3
CHAPTER 2 The Largest Credit Market in the World 11
PART TWO Fannie Mae’s Rise to Prominence
CHAPTER 3 Birth, Trial, and Turnaround 19
CHAPTER 4 Managing Risk 31
CHAPTER 5 The Volcker Standard Gives Fannie Maean Edge 47
CHAPTER 6 Fannie Mae’s Opponents Change Tactics 63
CHAPTER 7 Conflicts with Fast-Growing Lenders 79
PART THREE The Fight for the Mortgage Market
CHAPTER 8 A Surprise from the Treasury Department 99
CHAPTER 9 Private-Label Mortgage-Backed Securities 117
CHAPTER 10 A Gathering Storm of Opposition 133
CHAPTER 11 Fannie Mae Tightens Its Disciplines 149
CHAPTER 12 Private Label Takes Center Stage 163
CHAPTER 13 A Compromise Attempt Turns intoFull-Scale War 179
PART FOUR Countdown to the Meltdown
CHAPTER 14 Allegations of Fraud: The Special Examination 199
CHAPTER 15 Sorting Out the Facts 217
CHAPTER 16 Baseless Demand, Fateful Results 229
CHAPTER 17 The Market Melts Down: Fannie MaeIs Nationalized 243
EPILOGUE Aftermath 259
Glossary of Key Acronyms 271
Notes on Sources 273
Index 277