Banking and Capital Markets
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Report
The Budgetary Effects of the United States’ Participation in the International Monetary Fund
June 16, 2016CBO describes the procedures it uses to develop a market-based estimate of the cost of new U.S. commitments to the International Monetary Fund that reflects the small risk that the IMF could incur large losses.
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Report
Budgetary Estimates for the Single-Family Mortgage Guarantee Program of the Federal Housing Administration
September 23, 2014Loan guarantees made in the FHA’s single-family mortgage program between 1992 and 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were originally recorded in the federal budget.
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Report
Testimony on Estimates of the Cost of the Credit Programs of the Export-Import Bank
June 25, 2014CBO finds that Ex-Im Bank’s credit programs would generate a budgetary cost using fair-value accounting—as opposed to savings under the current approach for measuring costs—because it more fully accounts for risk the government takes on.
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Report
Fair-Value Estimates of the Cost of Selected Federal Credit Programs for 2015 to 2024
May 22, 2014The budgetary costs shown for selected credit programs would be higher under fair-value accounting—an alternative to the current approach for measuring costs—because it more fully accounts for the cost of the risk the government takes on.
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Report
Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness
May 1, 2013CBO 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?