Congressional Research Service Reports - 208 Matching Results

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

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 intermediari… more
Date: July 15, 2008
Creator: Weiss, N. Eric
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Community Development Block Grants: Legislative Proposals to Assist Communities Affected by Home Foreclosures

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 addi… more
Date: July 15, 2008
Creator: Boyd, Eugene & Gonzales, Oscar R.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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H.R. 6076: Home Retention and Economic Stabilization Act of 2008

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 allevia… more
Date: August 29, 2008
Creator: Murphy, Edward Vincent
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Fannie Mae and Freddie Mac in Conservatorship

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 obligat… more
Date: September 15, 2008
Creator: Jickling, Mark
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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U.S. Foreign Aid to the Palestinians

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 resul… more
Date: October 15, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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The Cost of Government Financial Interventions, Past and Present

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 resul… more
Date: September 23, 2008
Creator: Webel, Baird; Weiss, N. Eric & Labonte, Marc
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Proposal to Allow Treasury to Buy Mortgage-Related Assets to Address Financial Instability

Description: Financial markets underwent severe stress during the week of September 15 - 22, 2008. After Lehman Brothers declared bankruptcy and AIG received a bridge loan from the Federal Reserve, policymakers reassessed their case-by-case approach to resolving financial problems. Secretary of the Treasury Paulson announced a plan to allow Treasury to purchase mortgage-related assets from U.S. financial institutions. The announced intent of the plan is to unclog financial markets, increase the health of th… more
Date: September 22, 2008
Creator: Murphy, Edward V. & Webel, Baird
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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The Resolution Trust Corporation: Historical Analysis

Description: In a 1989 legislative response to financial troubles in the thrift industry, the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA, P.L. 101-73) was enacted. FIRREA's principal mission was to conduct a partially tax-payer funded program to address the troubles of the nation's many insolvent thrifts. To do so, it established a new entity, the Resolution Trust Corporation (RTC), whose mission was to address troubled thrifts by arranging their sale to other institutions … more
Date: September 26, 2008
Creator: Shorter, Gary
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Financial Market Intervention

Description: Financial markets continue to experience significant disturbance and the banking sector remains fragile. Efforts to restore confidence have been met with mixed success thus far. After attempting to deal with troubled institutions on a case-by-case basis, Treasury has proposed a plan to purchase mortgage-related assets to alleviate stress in financial markets and in the banking system. This report provides answers to some frequently asked questions concerning the financial disruptions of Septemb… more
Date: September 29, 2008
Creator: Murphy, Edward V.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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The Emergency Economic Stabilization Act's Insurance for Troubled Assets

Description: Many observers trace the root cause of recent instability in financial markets to uncertainty surrounding the value of widely held securities that are based on mortgages and mortgage-related assets. The introduction of the Emergency Economic Stabilization Act of 2008 (EESA) was designed to address said financial instability through a variety of measures, including an insurance program for "troubled assets." This report briefly summarizes and analyzes the insurance program contained in the enact… more
Date: October 8, 2008
Creator: Webel, Baird
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Financing Catastrophic Risk: Summary of the Homeowners' Defense Act of 2009 (S. 505 and H.R. 2555)

Description: This report discusses the drastic increase in demand for homeowners' insurance in Atlantic and Gulf Coast states following the devastation of Hurricane Katrina in 2005. This report also discusses various measures and efforts underway to enhance insurer capacity, pursue alternative forms of risk transfer, and create a national catastrophe financing facility, the last of which is an issue under considerable debate.
Date: July 1, 2009
Creator: King, Rawle O.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Veterans and Homelessness

Description: The current conflicts in Iraq and Afghanistan have brought renewed attention to the needs of veterans, including the needs of homeless veterans. As the number of veterans increases due to the current wars, there is concern that the number of homeless veterans could rise commensurately. The current economic downturn also has raised concerns that homelessness could increase among all groups, including veterans. Several issues regarding veterans and homelessness have become prominent, in part beca… more
Date: June 26, 2009
Creator: Perl, Libby
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Housing for Persons Living with HIV/AIDS

Description: This report describes recent research that shows how housing and health status are related and the effects of stable housing on HIV/AIDS patient health. It also describes the Housing Opportunities for Persons with AIDS (HOPWA) program, the only federal program that provides housing and services specifically for persons who are HIV positive or who have AIDS, together with their families. In addition, the report describes how a small portion of funds appropriated through the Ryan White HIV/AIDS p… more
Date: January 8, 2009
Creator: Perl, Libby
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Transportation, Housing and Urban Development, and Related Agencies (THUD): FY2009 Appropriations

Description: This report is a guide to one of the regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the Subcommittees on Transportation, Housing and Urban Development, and Related Agencies of the House and Senate Committees on Appropriations. It summarizes the current legislative status of the bill, its scope, major issues, funding levels, and related legislative activity. The report lists the key CRS staff relevant to the issues covered… more
Date: June 19, 2008
Creator: Peterman, David Randall & Frittelli, John
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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An Economic Analysis of the Homebuyer Tax Credit

Description: This report provides an economic analysis of the homebuyer tax credit. Data suggest that home prices in general may be stabilizing and that the home inventory is beginning to return to a more normal level. Given the close proximity of these improvements to when the homebuyer tax credit was enacted by the Housing and Economic Recovery Act of 2008 and first modified by the American Recovery and Reinvestment Act of 2009, one could argue that the tax credit was the cause of these improvements.
Date: December 1, 2009
Creator: Keightley, Mark P.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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FEMA Disaster Housing: From Sheltering to Permanent Housing

Description: This report reviews standard disaster housing procedures as well as options that could be taken to improve disaster housing including increased FEMA/HUD cooperation, the use of the case management authority, the repair and renovation of private rental housing units, and the use of alternative manufactured housing.
Date: September 16, 2009
Creator: McCarthy, Francis X.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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Community Development Block Grants: Neighborhood Stabilization Program; Assistance to Communities Affected by Foreclosures

Description: Report regarding the Housing and Economic Recovery Act of 2008, P.L. 110-289, which allocates federal financial aid to all state and local governments with high amounts of foreclosed homes, subprime mortgage loans, and delinquent home mortgages. The report focuses on the assistance that aids in aquiring, rehabilitating, and reselling foreclosed and abandoned homes.
Date: March 13, 2009
Creator: Boyd, Eugene & Gonzales, Oscar R.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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