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May 1, 2013
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Finance
The 2007–2009 financial crisis and recession were triggered in part by a near collapse of some large financial institutions, a sharp contraction in the availability of credit, and a large drop in house prices. In response, federal support for financial institutions and credit markets substantially increased. CBO quantifies the costs and risks of policy proposals related to federal credit and insurance programs, banking and capital markets, government-sponsored enterprises such as Fannie Mae and Freddie Mac, and other federal financial activities.
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related publications
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Options for Principal Forgiveness in Mortgages Involving Fannie Mae and Freddie Mac: Working Paper 2013-02
May 01, 2013 -
The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market
June 02, 2011 -
Policies for Increasing Economic Growth and Employment in 2012 and 2013
November 15, 2011 -
An Evaluation of Large-Scale Mortgage Refinancing Programs
September 01, 2011
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