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The FHA Budget Subsidy Simulation System: A Dynamic Simulation Model of Budget Outcomes for FHA Single-Family Mortgage Insurance: Technical Paper 2003-07

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  • Charles A. Capone, Jr.

Abstract

This paper introduces a dynamic simulation model of value to the government from FHA single-family mortgage insurance. The model, known as the FHA Budget Subsidy Simulation System (FHA-BSSS), was built at CBO as a tool for analyzing the sensitivity to economic fluctuations of net receipts from or outlays to FHA, and how that sensitivity could be used to inform initial budget estimates and ongoing re-estimates. The FHA-BSSS is a software system that utilizes loan-record databases and econometric models to forecast FHA cash flows and resulting budget

Suggested Citation

  • Charles A. Capone, Jr., 2003. "The FHA Budget Subsidy Simulation System: A Dynamic Simulation Model of Budget Outcomes for FHA Single-Family Mortgage Insurance: Technical Paper 2003-07," Working Papers 14635, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:14635
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    File URL: https://www.cbo.gov/sites/default/files/108th-congress-2003-2004/workingpaper/2003-7_0.pdf
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    Cited by:

    1. Szu‐Lang Liao & Ming‐Shann Tsai & Shu‐Ling Chiang, 2008. "Closed‐Form Mortgage Valuation Using Reduced‐Form Model," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(2), pages 313-347, June.
    2. Chiang, Shu Ling & Yang, Tyler T. & Tsai, Ming Shann, 2016. "Assessing mortgage servicing rights using a reduced-form model: Considering the effects of interest rate risks, prepayment and default risks, and random state variables," Journal of Housing Economics, Elsevier, vol. 32(C), pages 29-46.

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