Europeans import u.s. Mortgage models. Risk?

The Dutch government recently announced it will seek to develop its own version of Fannie and Freddie to take some pressure off its banks' balance sheets and help revitalize the local housing market.

Meanwhile, U.K. and Italian officials are implementing policies aimed at helping more people buy homes by getting the state to partly guarantee certain types of home loans—a project that resembles the mandate of the U.S. Federal Housing Administration. More: Wall Street Journal