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- Report
This study looks at how Fannie Mae and Freddie Mac evolved into the institutions they are today.
- Blog Post
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs)privately owned financial institutions that were chartered by the Congress four decades ago to fulfill a public mission: to provide a stable source of funding for residential mortgages across the country, including loans on housing for low- and moderate-income families.
- Blog Post
In September 2008, the federal government took control of Fannie Mae and Freddie Mac—two government sponsored enterprises (GSEs) that provide credit guarantees on more than half of the outstanding residential mortgages in the United States. Although they are not legally federal agencies, the government operates them to fulfill the public purpose of supporting the housing and mortgage markets. Therefore, CBO believes that it is appropriate to include the GSEs’ financial transactions in the federal budget.
- Report
CBO estimated the budgetary impact of the activities of Fannie Mae and Freddie Mac using the methodology specified in the Federal Credit Reform Act of 1990.
- Report
This background paper describes CBO’s budgetary treatment of Fannie Mae and Freddie Mac and the methods CBO used to estimate their costs.
- Report