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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.
- Report
Congress created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets.
- Blog Post
Today CBO released the fourth of its statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008 to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of “troubled assets.” The report discusses CBO’s estimate of the costs of transactions completed, outstanding, and anticipated under the TARP as of November 18, 2010.
- Cost Estimate
Cost estimate for the bill as ordered reported by the House Committee on Financial Services on July 28, 2010
- 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.
- Cost Estimate
Cost estimate for the bill as ordered reported by the Senate Committee on Veterans' Affairs on August 5, 2010
- Blog Post
CBO notes that there is no identifiable "tipping point" of debt relative to the nation’s output that would indicate that a fiscal crisis is likely or imminent. However, the ratio of federal debt to GDP is climbing into unfamiliar territory.
- Report
Economic and Budget Issue Brief