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.
Finance
featured work
Options to Change Interest Rates and Other Terms on Student LoansJun 2013 - The interest rate for subsidized student loans is currently scheduled to double from 3.4 percent to 6.8 percent on July 1, 2013. What would be the budgetary impact of changing interest rates for student loans?
Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal ForgivenessCBO examined three options for Fannie Mae and Freddie Mac to use principal forgiveness for certain underwater borrowers. How would those options affect the number of mortgage defaults, the federal budget, and the overall economy?
Fair-Value Estimates of the Cost of Federal Credit Programs in 2013Jun 2012 - CBO provides an illustrative analysis of the federal government’s costs for credit programs following two approaches.
Fair-Value Accounting for Federal Credit ProgramsMar 2012 - CBO examines fair-value accounting as an alternative to the current approach for measuring the costs to the government of federal credit programs.
Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage MarketDec 2010 - This study looks at how Fannie Mae and Freddie Mac evolved into the institutions they are today.
latest work
H.R. 2122, Regulatory Accountability Act of 2013
cost estimateAugust 1, 2013S. 289, Commercial Real Estate and Economic Development Act of 2013
cost estimateAugust 1, 2013S. 537, Communicating Lending Activity Reports from the Small Business Administration Act
cost estimateAugust 1, 2013H.R. 1135, Burdensome Data Collection Relief Act
cost estimateJuly 9, 2013H.R. 1105, Small Business Capital Access and Job Preservation Act
cost estimateJuly 9, 2013H.R. 2374, Retail Investor Protection Act
cost estimateJuly 9, 2013S. 534, National Association of Registered Agents and Brokers Reform Act of 2013
cost estimateJune 13, 2013Options to Change Interest Rates and Other Terms on Student Loans
reportJune 10, 2013
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