Banking and Capital Markets
The federal program that provides insurance against the risk of terrorism expired at the end of 2014. CBO has examined various options for the program and their likely effects on the private sector and on the federal government.
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