Fannie and Freddie get frisky, drawing congressional criticism

Published July 31, 2018 4:01am ET



Fannie Mae and Freddie Mac have provoked new criticism from Republicans for experimenting with new lines of business, expanding operations while nearing a tenth year in government hands.

Fannie and Freddie, which have been wards of the government since failing in the subprime crisis, are supposed to support a national secondary mortgage market by buying home loans from banks and other lenders and packaging them into securities for sale to investors.

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