Where's Watt?

Where's Watt?

FHFA scorecard should be marked tardy

Key MERS legal employees turn away from company

Company now under federal scrutiny

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Items Tagged with 'Congressional Budget Office'


Can you guess the financial weight of Fannie and Freddie?

Bipartisan Policy Center: No, and here's why
March 19, 2014
A huge portion of the nation’s budget is impacted by housing, which includes what goes on with Fannie Mae and Freddie Mac. Housing experts discussed what the federal government’s conservatorship of the government-sponsored enterprises could mean for the budget.
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Flood insurance pits homeowners against taxpayers

Failure to write in real risk keeps unstable program going
January 24, 2014
Thought flood insurance reform was a done deal? Think again. As homeowners push back at rising premiums in flood-prone areas, a push back against reform is stirring once again.
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Housing forecast clouded by uncertain fiscal policies

Debt ceiling debate weighs on potential homebuyers
November 21, 2013
The debt ceiling debate that led to government stalemate in October is expected to linger well into 2014, creating possible repercussions for the U.S. housing market.
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FHA sounds alarm on CBO data

Disputes data on the MMI fund, single-family mortgage program
October 23, 2013
The Federal Housing Administration sounded the alarm on a new Congressional Budget Office report, disputing some of its findings on the mutual mortgage insurance fund and the FHA single-familiy mortgage guarantee program.
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FHA bailout pushes federal deficit to $22B

MMI fund to reach its capital ratio requirement by 2017
October 22, 2013
With the Federal Housing Administration drawing $1.7 billion from the Treasury into its Mutual Mortgage Insurance Fund for the first time in FHA history, the balance of the fund ended up costing the federal government a hefty sum.
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FHA single-family mortgage guarantee program squeezes taxpayers

Program is no longer saving money as borrower defaults increase
October 21, 2013
The Federal Housing Administration's operation of its single-family mortgage guarantee program swung from having a net savings to costing taxpayers money as higher-than-expected borrower defaults struck the bottom line.
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Thanks to Fannie, Freddie, the federal budget deficit looks less frightening

September 9, 2013
The U.S. federal government ran a budget deficit of approximately $750 billion in the first eleven months of the 2013 fiscal year—a reduction of more than $400 billion from a year earlier thanks in part to higher tax revenue, lower defense spending, fewer outlays for the Troubled Asset Relief Program and $82 billion in payments from the government-sponsored enterprises.
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US budget deficit shrinks alongside GSE, FHA spending

June 18, 2013
The nation shrunk its budget deficit during the first eight months of 2013 as government spending declined overall.This was equally true when it came to government...
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Effects of government stimulus remain a mixed bag

February 23, 2012
The American Recovery and Reinvestment Act created jobs in the fourth quarter, but was a mixed-bag for the economy, the Congressional Budget Office said in a...
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GSEs Should Be Directly on Treasury's Books: CBO

September 10, 2008
For all of the press the Treasury/Federal Housing Finance Agency bailout of Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] has received, it's the nuances that are now starting to come into clearer view that will determine the future course of mortgage lending in the United States. The Congressional Budget Office opened up the latest can of worms on Tuesday by suggesting that the Treasury needs to take the full operations of each GSE directly onto its balance sheet.
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