Subject category:
Ethics and Social Responsibility
Published by:
Harvard Kennedy School
Length: 15 pages
Topics:
Housing finance; Leadership
Share a link:
https://casecent.re/p/7431
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Abstract
When housing finance specialist Larry Dale comes to the Federal National Mortgage Association, he successfully creates a financing instrument that allows Fannie Mae to share the risks of multifamily housing loans with other private housing lenders. His success contrasts sharply with the failure of a similar program at the Department of Housing and Urban Development. In this case, Dale reflects on the lessons he draws from the different outcomes.
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Abstract
When housing finance specialist Larry Dale comes to the Federal National Mortgage Association, he successfully creates a financing instrument that allows Fannie Mae to share the risks of multifamily housing loans with other private housing lenders. His success contrasts sharply with the failure of a similar program at the Department of Housing and Urban Development. In this case, Dale reflects on the lessons he draws from the different outcomes.