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2009 Budget of the United States Government - Loan Guarantees Assumptions Underlying the FY 2009 Subsidy Estimates

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Federal Student Aid:Federal Family Education Loan Program:Weighted Average of Total Commitments2.210.892.81-4.482.98196.69*1.710.42......11.623115.4297.00Subsidized Stafford16.670.4315.44-1.752.5596.10*1.75............11.603122.9497.00Unsubsidized Stafford-3.070.37-3.99-1.882.4296.46*1.88............10.013122.9497.00PLUS-5.940.40-5.23-3.702.5988.50......3.70............4.473108.6997.00Consolidated-2.271.780.84-8.723.83196.76......1.001.05......14.453108.197.00Loans for Short-Term Training (Legislative Proposal)1.020.01-0.41......1.4216.46........................10.603122.9497.00Department of EnergyEnergy Programs:Title 17 Innovative Technology Loan Guarantees......19.35......-19.35......307.154419.35............450.85450.0095.00Department of Housing and Urban DevelopmentPublic and Indian Housing Programs:Indian Housing Loan Guarantees2.523.51......-0.98......306.50......1.00............6.712.53100.00Title VI Indian Housing Guarantees12.3412.34..................207.00........................17.81......95.00Native Hawaiian Housing Loan Guarantees2.523.51......-0.98......306.50......1.00............6.712.53100.00Housing Programs:FHA General and Special Risk Insurance Fund:Multifamily Development-1.104.14......-5.24......407.01............0.450.4516.6072.72100.00Section 221(d)(3) Cooperatives5.8412.65......-6.81......405.33............0.800.8041.9266.70100.00Tax Credit New Construction-3.201.29......-4.50......404.60............0.450.458.5775.2485.00Apartment Refinance-3.291.47......-4.76......356.73............0.450.455.8870.6380.00Section 241 Supplemental Loans1.979.10......-7.13......304.93............0.800.8011.49......100.00Multifamily Operating Loss Loans22.1827.03......-4.85......356.31............0.80......32.68......100.00Housing Finance Authority Risk Sharing-1.171.80......-2.97......385.72............0.500.509.3882.8490.00GSE Risk Sharing-1.430.66......-2.09......305.00............0.50......1.00......50.00Health Care and Nursing Homes-0.745.45......-6.19......407.07............0.570.5714.0552.82100.00Health Care Refinance-2.093.39......-5.48......356.02............0.50......11.0460.1980.00Hospitals-2.512.63......-5.14......255.36............0.500.509.2076.86100.00Other Rental-2.143.91......-6.05......405.44............0.500.5015.2971.79100.00Section 234 Condominiums-0.123.42......-3.54......306.79......1.500.50......10.0559.16100.00Section 234 Condominiums (Legislative Proposal)....................................................................................Section 203(k) Rehabilitation Mortgage2.295.89......-3.60......307.73......1.500.50......13.7648.02100.00Section 203(k) Rehabilitation Mortgage (Legislative Proposal)....................................................................................Home Equity Conversion Mortgages-1.373.45......-4.82......304.57......2.000.50......38.08116.97100.00Home Equity Conversion Mortgages (Legislative Proposal)....................................................................................Title I Property Improvement-0.522.54......-3.06......2013.00............1.00......4.4433.5590.00Title I Manufactured Housing-0.145.63......-5.77......2013.00............1.00......8.7419.4490.00FHA Mutual Mortgage Insurance Fund:Mutual Mortgage Insurance Program-0.012.99......-4.051.05306.86......1.770.51......11.6969.70100.00Mutual Mortgage Insurance Program (Legislative Proposal)5-0.172.78......-3.940.98306.86......1.630.53......10.9269.76100.00Mutual Mortgage Insurance Program—HECM (Legislative Proposal)-1.373.45......-4.82......306.07......2.000.50......38.07116.97100.00Mutual Mortgage Insurance Program—Seller Financed Down Payment Assistance6.357.86......-4.262.74306.86......2.240.55......30.3869.70100.00Government National Mortgage Association:Guarantees of Mortgage-Backed Securities-0.21............-0.21......309.00............0.060.02......99.81100.00Department of the InteriorBureau of Indian Affairs:Indian Guaranteed Loans7.734.535.00-1.80......169.00......2.00............7.887.2890.00Department of TransportationOffice of the Secretary:Minority Business Resource Center1.861.86..................29.25........................2.02......75.00Federal Highway Administration:TIFIA Loan Guarantees10.0010.00..................375.025..................71.5963.55100.00Federal Railroad Administration:Railroad Rehabilitation and Improvement Financing Guarantees......2.31......-2.31......254.9562.31............25.7798.9080.00Department of Veterans AffairsBenefits Programs:Housing Guaranteed Loans-0.661.08......-1.74......306.81......1.72......0.026.0777.0025.00International Assistance ProgramsAgency for International Development:Development Credit Authority (DCA):Loan Guarantees3.214.39......-1.18......74.9150.641.26......12.32......50.00Line of Credit1.312.01......-0.70......15.40......0.751.75......2.05......50.00Overseas Private Investment Corporation:OPIC Loan Guarantees2.278.86......-6.59......116.082......1.25......20.7050.00100.00OPIC Investment Funds-3.1810.57......-13.75......127.48110.501.50......17.83......100.00Small Business AdministrationGeneral Business Loan Programs:7(a) General Business Loan Guarantees......3.42......-3.42......1310.01......2.010.55......6.2443.5069.36Section 504 Certified Development Companies Debentures-0.071.79......-2.200.35205.85......0.870.19......3.5043.14100.00SBIC Debentures......5.38......-5.410.03105.59......3.000.41......32.9287.66100.00Secondary Market Guarantee..............................206.52....................................100.00Secondary Market Guarantee (Legislative Proposal)..................-0.080.07206.52............0.02..................100.00Other Independent AgenciesExport-Import Bank of the United States:Short, Medium, and Long Term Guarantees and Insurance Program:Risk Category A0.602.12......-1.52......75.9610.121.39......2.43......100.00Risk Category B-3.71............-3.71......75.9610.123.71..................100.00* Nonzero amount rounds to zero, based on units for this column.1 Lifetime defaults as a percentage of disbursements.2 Recoveries as a percentage of lifetime defaults.3 Recovery rate includes interest and penalties.4 Assumptions reflect an illustrative example for informational purposes only. The assumptions will be determined at the time of execution, and will reflect the actual terms and conditions of the loan and guarantee contracts.5 Legislative proposal includes moving the Section 234 Condominiums and Section 203(k) Rehabilitation Mortgages from the General and Special Risk Insurance Fund to the Mutual Mortgage Insurance Fund.

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