Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness

report

CBO 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?


Options for Principal Forgiveness in Mortgages Involving Fannie Mae and Freddie Mac: Working Paper 2013-02

working paper

CBO releases companion working paper to its report Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness.


 


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