DOM-20     SCALE BACK THE HOUSING LOAN PROGRAM FOR RURAL HOMEOWNERS

                                   Annual Savings               Cumulative
                                (Millions of dollars)            Five-Year
Savings from         ---------------------------------------      Savings
CBO Baseline         1994     1995    1996     1997     1998
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                             Eliminate New Lending

Budget Authority       320     320       330      340      350       1,650

Outlays                260     320       330      330      340       1,600

                       Reduce New Lending by 50 Percent

Budget Authority       160     160       170      170      170         830

Outlays                130     160       160      170      170         790

             Increase Borrowers' Payments to 30 Percent of Income

Budget Authority       270     270       280      280      290       1,400

Outlays              1,750     270       280      280      280       2,850
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NOTE:  Excludes savings in administrative costs.

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