Republicans warn Fannie and Freddie are growing, not shrinking

Published



Senate Republicans on Wednesday aired their fears that Fannie Mae and Freddie Mac, which have been in the government’s custody for nearly a decade, are expanding their role in housing markets rather than reducing it.

“The overall trends I am seeing toward greater taxpayer risk and greater government presence in the mortgage market are concerning,” said Senate Banking Committee chairman Mike Crapo, R-Idaho.

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