Housing Finance
- Report
Fair-Value Accounting for Federal Credit Programs
CBO examines fair-value accounting as an alternative to the current approach for measuring the costs to the government of federal credit programs.
- Blog Post
Should Fair-Value Accounting Be Used to Measure the Cost of Federal Credit Programs?
The federal government supports some private activities—such as home ownership, postsecondary education, and certain commercial ventures—by making or guaranteeing loans. At the end of fiscal year 2011, about $2.7 trillion was outstanding in federal direct loans and loan guarantees.
- Working Paper
An Evaluation of Large-Scale Mortgage Refinancing Programs: Working Paper 2011-04
Mitchell Remy, Deborah Lucas, and Damien Moore
- Blog Post
CBO Testified on Several Topics Related to the Government's Mortgage Programs
Until recently the obligations of Fannie Mae and Freddie Mac—two federally chartered institutions (called government-sponsored enterprises, or GSEs) that provide credit guarantees for almost half of the outstanding mortgages in the United States—had no official backing from the federal government
- Report
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
- Report
Accounting for FHA's Single-Family Mortgage Insurance Program on a Fair-Value Basis
CBO has prepared the analysis of accounting for the Federal Housing Administration’s single-family mortgage insurance program on a fair-value basis.
- Blog Post
Accounting for FHA's Single-Family Mortgage Insurance Program on a Fair-Value Basis
Over the past two years, the Federal Housing Administration (FHA) has guaranteed more than 17 percent of new and refinanced mortgages on single-family homes in the United States.
- Blog Post
CBO Testified on the Federal Role in Paying for Highways
This morning Joseph Kile, CBOs Assistant Director for Microeconomic Studies, testified before the Senate Finance Committee to discuss the federal role in paying for highways.
- Report
Testimony on the Highway Trust Fund and Paying for Highways
Testimony before the Committee on Finance, United States Senate
- Report
Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market
This study looks at how Fannie Mae and Freddie Mac evolved into the institutions they are today.