CBO's Budgetary Treatment of Fannie Mae and Freddie Mac
After the U.S. government assumed control in 2008 of Fannie Mae and Freddie Mac--two federally chartered institutions that provide credit guarantees for almost half of the outstanding residential mortgages in the United States--CBO concluded that the institutions had effectively become government entities whose operations should be included in the federal budget. As a result, CBO incorporated estimates of the budgetary costs of the two entities in the baseline budget projections it published in 2009. This background paper describes CBOâ€™s budgetary treatment of Fannie Mae and Freddie Mac and
|Date of creation:||14 Jan 2010|
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Web page: http://www.cbo.gov
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