Accounting for Fannie Mae and Freddie Mac in the Federal Budget

Congressional Budget Office

No 54475, Reports from Congressional Budget Office

Abstract: Fannie Mae and Freddie Mac—originally chartered as government-sponsored enterprises (GSEs) but now in federal conservatorship—help finance most home loans in the United States by purchasing and securitizing new mortgages. The budgetary treatment of the GSEs involves two different approaches: fair-value estimating of the costs of their mortgage guarantees (used by CBO) and cash-based estimating of their transactions with the Treasury (used by the Administration).

JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2018-09-18
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