Federal Credit Programs
Budgeting for Federal Investment
This report examines approaches to budgeting that would distinguish expenditures for investment in physical capital, education, and research and development from other expenditures.
Reauthorizing Federal Highway Programs: Issues and Options
CBO discusses choices about revenues and spending that lawmakers face in addressing the shortfall in the Highway Trust Fund as well as options for subsidizing state and local governments’ financing of highway projects.
Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options
CBO examines how enrollment in income-driven plans has changed and how those plans will affect the federal budget. CBO projects the costs of two sets of options that would change the availability of such plans or change borrowers’ payments.
The Role of the Federal Housing Administration in the Reverse-Mortgage Market
In this report, CBO examines how FHA’s Home Equity Conversion Mortgage program works, how it affects the federal budget, and how various policy approaches might reduce costs and risks to the government or to borrowers.
Transferring Credit Risk on Mortgages Guaranteed by Fannie Mae or Freddie Mac
CBO reviews Fannie Mae and Freddie Mac’s program to transfer some of the credit risk of their guarantees to investors and analyzes two approaches for expanding those efforts.
Options to Manage FHA’s Exposure to Risk From Guaranteeing Single-Family Mortgages
CBO analyzes options to reduce FHA’s exposure to risk from its program to guarantee single-family mortgages, including creating a larger role for private lenders and restricting the availability of FHA’s guarantees.
The Federal Role in the Financing of Multifamily Rental Properties
CBO reviews the federal government’s current role in the multifamily mortgage market and four broad approaches to modifying that role.
Federal Policies and Innovation
The federal government influences innovation through two broad channels: spending and tax policies, and the legal and regulatory systems. Policymakers have a number of options for spurring additional innovation.
Options to Change Interest Rates and Other Terms on Student Loans
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 Forgiveness
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?
Testimony on The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market
Testimony before the Committee on the Budget, U.S. House of Representatives
Costs and Policy Options for Federal Student Loan Programs
This CBO study compares the budgetary and fair-value costs of the federal student loan programs. It also looks at several options for modifying those programs.