Federal Credit Programs
- Report
Risk Sharing in the Federal Reserve's Emergency Lending Facilities During the COVID-19 Pandemic
CBO describes the role the Federal Reserve plays in stabilizing financial markets during crises and estimates the costs of programs created during the COVID-19 pandemic to provide liquidity and address stress in financial markets.
- Report
The Federal Government's Role in Financing Rural Housing
CBO examines rural housing demographics, federal credit programs and other programs that support rural communities, and the total budgetary effects of those federal credit programs.
- Report
Estimates of the Cost of Federal Credit Programs in 2026
CBO estimates the costs of federal credit programs in 2026 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government's obligations.
- Report
Seven Things to Know About CBO's Budgetary Treatment of Potential Changes to Fannie Mae and Freddie Mac
CBO addresses seven key issues that might arise as it estimates the budgetary effects of potential legislation or administrative actions that could result in releasing Fannie Mae and Freddie Mac from government control.
- Cost Estimate
S. 273, Small Business Child Care Investment Act
As reported by the Senate Committee on Small Business and Entrepreneurship on February 10, 2025
- Report
An Update to CBO’s Analysis of the Effects of Recapitalizing Fannie Mae and Freddie Mac Through Administrative Actions
In response to a request from Congressman Patrick McHenry, CBO updates a 2020 report and describes how changes to Fannie Mae’s and Freddie Mac’s financial conditions since that report affect scenarios for their recapitalization.
- Report
Options for Reducing the Deficit: 2025 to 2034
CBO periodically issues a compendium of policy options and their estimated effects on the federal budget. This report presents 76 options for altering spending or revenues to reduce federal budget deficits over the next decade.
- Presentation
Climate Change, Disaster Risk, and Homeowner’s Insurance
Presentation by Sheila Campbell and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies Division, and David Torregrosa, an analyst in CBO’s Financial Analysis Division, at the Mortgage Bankers Association Webinar.
- Presentation
Climate Change, Disaster Risk, and Homeowner’s Insurance
Presentation by Sheila Campbell, an analyst in CBO’s Microeconomic Studies Division, and David Torregrosa, an analyst in CBO’s Financial Analysis Division, on climate change, disaster risk, and homeowner’s insurance.
- Report
Fannie Mae and Freddie Mac’s Housing Goals
CBO analyzes how Fannie Mae and Freddie Mac achieve their housing goals by offering discounts on their standard fees for mortgages that meet the goals’ requirements and charging higher fees for mortgages that do not meet the requirements.