Housing Finance
- Report
The Effects of Increasing Fannie Mae’s and Freddie Mac’s Capital
In this report, CBO analyzes a policy that would allow Fannie Mae and Freddie Mac to increase their capital by reducing their payments to the government and discusses the effects that it would have on the budget and the mortgage market.
- Report
Report on the Troubled Asset Relief Program—March 2016
Most activities financed by the Troubled Asset Relief Program (TARP) have now been completed; only mortgage programs remain active. All told, CBO estimates that the net cost of the TARP over its lifetime will total $30 billion.
- Report
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.
- Working Paper
Do Large-Scale Refinancing Programs Reduce Mortgage Defaults? Evidence From a Regression Discontinuity Design: Working Paper 2015-06
In 2012, the Federal Housing Administration (FHA) reduced fees to refinance FHA-insured mortgages obtained before a retroactive deadline. We estimate that the policy will prevent more than 35,000 defaults of FHA-insured mortgages.
- Report
Report on the Troubled Asset Relief Program—March 2015
CBO estimates that, all told, the TARP’s transactions will cost the federal government $28 billion. That estimate accounts for the realized costs of completed transactions and the estimated costs of outstanding and anticipated transactions.
- Report
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.
- Report
Options for Reducing the Deficit: 2015 to 2024
CBO periodically issues a compendium of options—this installment presents 79—to inform lawmakers about the budgetary effects of ways to reduce the deficit. The report has both interactive and printable formats.
- Report
Budgetary Estimates for the Single-Family Mortgage Guarantee Program of the Federal Housing Administration
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.
- Cost Estimate
S. 1217, Housing Finance Reform and Taxpayer Protection Act of 2014
As ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on May 15, 2014
- Cost Estimate
H.R. 4521, Community Institution Mortgage Relief Act of 2014
As ordered reported by the House Committee on Financial Services on May 22, 2014