Other Agencies
Other government agencies have been involved in the bailout and have either acted in response to existing legislation or received authorization under recent legislation. The Department of Housing and Urban Development (HUD) has established several programs. The Federal Housing Finance Administration (FHFA) is also planning to streamline the loan modification process while the National Credit Union Administration (NCUA) is working to ensure its member institutions' liquidity.
The Federal Home Loan Banks have been an important source of funding for banks during the financial crisis. After a review of their SEC filings, Subsidyscope has found that there have been steep declines in the market value of some of their investments. This raises concerns that the banks may take substantial losses, which could increase taxpayers’ financial risk. Click here to read more about the FHLBs.
Hover your cursor over the name of each program (in bold) for a more detailed description of its terms.
Source: Congressional Budget Office, Addressing the Ongoing Crisis in the Housing and Financial Markets, 1/28/09. [Download as JSON]