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 Collection: Congressional Research Service Reports
U.S. Foreign Aid to the Palestinians

U.S. Foreign Aid to the Palestinians

Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Description: In response to ongoing financial turmoil that began in the subprime mortgage-backed securities market, the federal government has intervened with private corporations on a large scale and in an ad hoc manner three times from the beginning of 2008 through September 19, 2008. These interventions have prompted questions regarding the taxpayer costs and the sources of funding. The federal government may or may not end up seeing a positive fiscal contribution from the recent interventions. The results of previous government financial interventions are summarized in this report.
Contributing Partner: UNT Libraries Government Documents Department
Fannie Mae and Freddie Mac in Conservatorship

Fannie Mae and Freddie Mac in Conservatorship

Date: September 15, 2008
Creator: Jickling, Mark
Description: On September 7, 2008, the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that play a critical play in the U.S. home mortgage market, in conservatorship. As conservator, the FHFA has full powers to control the assets and operation of the firms. Dividends to common and preferred shareholders are suspended, but the U.S. Treasury has put in place a set of financing agreements to ensure that the GSEs continue to meet their obligations to holders of bonds that they have issued or guaranteed. This means that the U.S. taxpayer now stands behind about $5 trillion of GSE debt. This report provides basic information on the GSEs, the government intervention, and the potential cost to the taxpayer.
Contributing Partner: UNT Libraries Government Documents Department
H.R. 6076: Home Retention and Economic Stabilization Act of 2008

H.R. 6076: Home Retention and Economic Stabilization Act of 2008

Date: August 29, 2008
Creator: Murphy, Edward Vincent
Description: The Home Retention and Economic Stabilization Act of 2008 would defer foreclosure for eligible mortgage borrowers for up to 270 days. If passed, the bill would give extra time to some borrowers and lenders to consider alternatives to foreclosure, including traditional loss mitigation and participation in the new Federal Housing Administration (FHA) program for refinancing troubled loans. Some policymakers believe that a moratorium on foreclosures could help stabilize housing markets and alleviate problems from the subprime financial turmoil. This report explores this issue in detail and analyzes the individual aspects of the relevant legislation.
Contributing Partner: UNT Libraries Government Documents Department
Community Development Block Grants: Legislative Proposals to Assist Communities Affected by Home Foreclosures

Community Development Block Grants: Legislative Proposals to Assist Communities Affected by Home Foreclosures

Date: July 15, 2008
Creator: Boyd, Eugene & Gonzales, Oscar R.
Description: In response to the rising number of home mortgage foreclosures, several bills have been introduced during the 110th Congress that would provide additional federal assistance to state and local governments with high concentrations of foreclosed homes, subprime mortgage loans, and delinquent home mortgages. At least one of these proposals, H.R. 3221, as passed by the Senate, includes provisions that would use the framework of the Community Development Block Grant (CDBG) program to channel an additional $4 billion in assistance to state and local governments. This provision faces an uncertain future; objections to it have been raised by the Bush Administration and others, contending that the assistance will result in the rescue of lenders and speculators.
Contributing Partner: UNT Libraries Government Documents Department
Fannie Mae's and Freddie Mac's Financial Problems: Frequently Asked Questions

Fannie Mae's and Freddie Mac's Financial Problems: Frequently Asked Questions

Date: July 15, 2008
Creator: Weiss, N. Eric
Description: Recent turmoil in the housing and financial markets have caused concern over the future of Fannie Mae and Freddie Mac, which are chartered by Congress as government-sponsored enterprises (GSEs) and are widely believed to have an implicit guarantee from the federal government. The Office of Federal Housing Enterprise Oversight (OFHEO) -- the GSEs safety and soundness regulator -- has repeated assurances that Fannie and Freddie have adequate capital, but as highly leveraged financial intermediaries, Fannie Mae and Freddie Mac have limited resources against losses. This report analyzes various aspects of Fannie Mae and Freddie Mac in relation to the financial turmoil that began in September 2008.
Contributing Partner: UNT Libraries Government Documents Department
The Weatherization Assistance Program: A Fact Sheet

The Weatherization Assistance Program: A Fact Sheet

Date: December 8, 1999
Creator: Butler, Alice D
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Urea-Formaldehyde Foam Insulation: Health Effects and Regulation

Urea-Formaldehyde Foam Insulation: Health Effects and Regulation

Date: December 12, 1983
Creator: Simpson, Michael M
Description: None
Contributing Partner: UNT Libraries Government Documents Department
The Section 8 Housing Voucher Program: Reform Proposals

The Section 8 Housing Voucher Program: Reform Proposals

Date: February 13, 2006
Creator: McCarty, Maggie
Description: None
Contributing Partner: UNT Libraries Government Documents Department
The Runaway and Homeless Youth Program: Administration, Funding, and Legislative Actions

The Runaway and Homeless Youth Program: Administration, Funding, and Legislative Actions

Date: March 23, 2006
Creator: Cooper, Edith Fairman
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Urea-Formaldehyde Foam Insulation: Health Effects and Regulation

Urea-Formaldehyde Foam Insulation: Health Effects and Regulation

Date: December 12, 1983
Creator: Simpson, Michael M
Description: None
Contributing Partner: UNT Libraries Government Documents Department