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Accounting for Fannie Mae and Freddie Mac in the Federal Budget

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  • 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).

Suggested Citation

  • Congressional Budget Office, 2018. "Accounting for Fannie Mae and Freddie Mac in the Federal Budget," Reports 54475, Congressional Budget Office.
    • Handle: RePEc:cbo:report:54475
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    File URL: https://www.cbo.gov/system/files/2018-09/54475-GSE-report.pdf
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    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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