Federal Credit Programs
ReportJanuary 26, 2018
What roles do cash and accrual measures play in the federal budget process? This report discusses the relative merits of those measures and explores the implications of expanding the use of accrual measures for decisionmaking purposes.
ReportDecember 14, 2017
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.
ReportSeptember 28, 2017
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.
Budgetary Estimates for the Single-Family Mortgage Guarantee Program of the Federal Housing AdministrationSeptember 23, 2014
Loan guarantees made in the FHA’s single-family mortgage program between 1992 and 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were originally recorded in the federal budget.
ReportJune 25, 2014
CBO finds that Ex-Im Bank’s credit programs would generate a budgetary cost using fair-value accounting—as opposed to savings under the current approach for measuring costs—because it more fully accounts for risk the government takes on.
ReportMay 22, 2014
The budgetary costs shown for selected credit programs would be higher under fair-value accounting—an alternative to the current approach for measuring costs—because it more fully accounts for the cost of the risk the government takes on.
ReportJune 10, 2013
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?