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CBO
TESTIMONY
 
Statement of
June R O'Neill
Director
Congressional Budget Office
 
on
Assessing the Public Costs and Benefits of Fannie Mae and Freddie Mac
 
before the
Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises
Committee on Banking and Financial Services
U.S. House of Representatives
 
June 12,1996
 
NOTICE

This statement is not available for public release until it is delivered at 10:00 a.m. (EDT), Wednesday, June 12,1996.
 

Chairman Baker, Congressman Kanjorski, and Members of the Subcommittee, I am pleased to be with you this morning to discuss the recent Congressional Budget Office (CBO) study of the public costs and benefits of the Federal National Mortgage Association (FNMA or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). That study, mandated by the Federal Housing Enterprise Safety and Soundness Act of 1992, also considers the desirability and feasibility of privatizing those government-sponsored enterprises (GSEs). Today, I will focus my remarks on:

This document is available in its entirety in PDF.