Housing Finance
- Report
Report on the Troubled Asset Relief Program—April 2014
CBO estimates that, all told, the TARP’s transactions will cost the federal government $27 billion. That estimate accounts for the realized costs of completed transactions and the estimated costs of outstanding and anticipated transactions.
- Cost Estimate
S. 1376, FHA Solvency Act of 2013
As ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on July 31, 2013
- Cost Estimate
H.R. 2767, Protecting American Taxpayers and Homeowners Act of 2013
As ordered reported by the House Committee on Financial Services on July 24, 2013
- Blog Post
FHA’s Single-Family Mortgage Guarantee Program: Budgetary Cost or Savings?
Collectively, the single-family mortgage guarantees made by FHA between 1992 and 2012 have had a net federal budgetary cost of about $15 billion, according to the most recent estimates by FHA.
- Report
Report on the Troubled Asset Relief Program—May 2013
The cost to the federal government of the TARP’s transactions, including grants for mortgage programs that have not yet been made, will amount to $21 billion, CBO estimates—$3 billion less than it previously projected.
- Report
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?
- Working Paper
Options for Principal Forgiveness in Mortgages Involving Fannie Mae and Freddie Mac: Working Paper 2013-02
CBO releases companion working paper to its report Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness.
- Blog Post
Fannie Mae, Freddie Mac, and the Future of the Secondary Mortgage Market
What role should the government play in the secondary market for residential mortgages, and what should become of Fannie Mae and Freddie Mac? CBO has analyzed some of the key choices to be made regarding the future structure of that market.
- Cost Estimate
S. 3085, Responsible Homeowner Refinancing Act of 2012
As introduced in the United States Senate on May 10, 2012
- Report
Fair-Value Estimates of the Cost of Federal Credit Programs in 2013
CBO provides an illustrative analysis of the federal government’s costs for credit programs following two approaches.