Fannie and Freddie get frisky, drawing congressional criticism

Published



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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