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Government Sponsored Enterprises

The Congress has established a number of government-sponsored enterprises (GSEs)—privately owned financial institutions that are federally chartered to fulfill a public mission of facilitating the flow of funds to housing and other sectors of the economy. Fannie Mae and Freddie Mac are the two largest GSEs, backing or holding about half of the $11 trillion of outstanding residential mortgage debt; those institutions have been under federal conservatorship since September 2008. The other GSEs are the Federal Home Loan Bank System, the Farm Credit System, and Farmer Mac. CBO analyzes the effects of the GSEs on the federal budget and on the sectors they are chartered to support.
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CBO's Estimate of Cost of the Administration's Proposal to Authorize Federal Financial Assistance for the Government-Sponsored Enterprises for Housing

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July 22, 2008

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Investing in Infrastructure

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July 10, 2008

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Issues and Options in Infrastructure Investment

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May 16, 2008


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Testimony on Current and Future Investment in Infrastructure

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May 8, 2008

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Policy Options for the Housing and Financial Markets

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April 11, 2008

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Testimony on Options for Responding to Short-Term Economic Weakness

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January 22, 2008

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Options for Responding to Short-Term Economic Weakness

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January 15, 2008

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Testimony on Turbulence in Mortgage Markets: Implications for the Economy and Policy Options

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September 19, 2007

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Measuring the Capital Positions of Fannie Mae and Freddie Mac

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June 1, 2006

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Testimony on Aligning the Costs and Benefits of the Housing Government-Sponsored Enterprises

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April 21, 2005

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