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.
CBO 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?
Jun 2012 - CBO provides an illustrative analysis of the federal government’s costs for credit programs following two approaches.
Mar 2012 - CBO examines fair-value accounting as an alternative to the current approach for measuring the costs to the government of federal credit programs.
Dec 2010 - This study looks at how Fannie Mae and Freddie Mac evolved into the institutions they are today.
- cost estimateMay 17, 2013
- data or technical informationMay 17, 2013
H.R. 701, a bill to amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such actioncost estimateMay 13, 2013
- cost estimateMay 13, 2013
- cost estimateMay 3, 2013
Options for Principal Forgiveness in Mortgages Involving Fannie Mae and Freddie Mac: Working Paper 2013-02working paperMay 1, 2013
- reportMay 1, 2013
- cost estimateApril 11, 2013
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