HOUSE_OVERSIGHT_020920.jpg
1.34 MB
Extraction Summary
1
People
8
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial presentation slides / economic report
File Size:
1.34 MB
Summary
The document consists of two slides from a KPCB 'USA Inc.' financial presentation (pages 157 and 158) analyzing the rising debt levels and credit losses of Government-Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac between 1971 and 2010. The slides highlight the risks of non-conventional mortgage lending, noting that while such mortgages made up only 30% of Fannie Mae's balance, they caused the majority of losses. The document bears a 'HOUSE_OVERSIGHT_020920' Bates stamp, indicating it was part of a document production to the House Oversight Committee.
People (1)
| Name | Role | Context |
|---|---|---|
| Betsy Graseck | Analyst/Researcher |
Cited in the source footer of the second slide as part of Morgan Stanley Research.
|
Organizations (8)
| Name | Type | Context |
|---|---|---|
| Fannie Mae |
Subject of debt and credit loss analysis.
|
|
| Freddie Mac |
Subject of debt analysis.
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| KPCB |
Kleiner Perkins Caufield & Byers logo appears on slides; creators of the 'USA Inc.' presentation.
|
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| Morgan Stanley Research |
Source of data for the second slide.
|
|
| FHFA |
Federal Housing Finance Agency, cited as source for the first slide.
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| Sallie Mae |
Mentioned in the notes regarding 'Other Debt'.
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| Federal Home Loan Banks |
Mentioned in the notes regarding 'Other Debt'.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
Locations (1)
| Location | Context |
|---|---|
|
Subject of the broader 'USA Inc.' presentation.
|
Relationships (1)
Source citation: 'Betsy Graseck, Morgan Stanley Research'
Key Quotes (3)
"Potential Loss on Guarantees on Fannie Mae / Freddie Mac Originations Could Rise"Source
HOUSE_OVERSIGHT_020920.jpg
Quote #1
"GSEs’ Expansion Into ‘Non-Conventional’ Mortgage Lending Business Has Proved to Be Costly So Far"Source
HOUSE_OVERSIGHT_020920.jpg
Quote #2
"Non-Conventional Mortgages = 30% of Fannie Mae’s Total Loan Guarantee Balance, But Causing 70-80% of Losses Owing to Lower Loan Quality"Source
HOUSE_OVERSIGHT_020920.jpg
Quote #3
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