Housing Finance
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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.
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Climate Change, Disaster Risk, and Homeowner’s Insurance
CBO analyzes recent changes in property insurance markets and considers alternative insurance products as well as policy approaches to increase the availability and affordability of insurance for homeowners and renters.
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Options for Reducing the Deficit, 2023 to 2032--Volume II: Smaller Reductions
CBO issues a volume that contains short descriptions of 59 policy options that would each reduce the federal budget deficit by less than $300 billion over the next 10 years.
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Options for Reducing the Deficit: 2021 to 2030
CBO periodically issues a compendium of policy options and their effects on the federal budget. This document provides estimates of the budgetary savings from 83 options that would decrease federal spending or increase federal revenues.
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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.
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Options for Reducing the Deficit: 2019 to 2028
CBO periodically issues a volume of options—this year’s installment presents 121—that would decrease federal spending or increase federal revenues. CBO’s website allows users to filter options by topic, date, and other categories.
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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.
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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.
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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.
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Transitioning to Alternative Structures for Housing Finance
CBO analyzed possible transitions to four alternative market structures that involve choices about whether and how the government would continue to guarantee payment on mortgages and mortgage-backed securities.
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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?
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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