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June 5, 2019


        Congressional Budget Office
\   Cost Estimate


By Fiscal Year, Millions of Dollars     2019                2019-2024              2019-2029

Direct Spending (Outlays)                 -3                      -3                      -3


Revenues

Deficit Effect


0

-3


0

-3


0

-3


The bill would
  * Authorize the Government National Mortgage Association to guarantee securities that contain certain
     mortgages refinanced by the Department of Veterans Affairs mortgage guarantee program


Estimated budgetary effects would primarily stem from
  *  Fees collected by Government National Mortgage Association to guarantee securities for about 2,500
     mortgages



                               Detailed estimate begins on the next page.




















                  See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437;
  How CBO  Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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