Link: Fannie, Freddie Wary of Controls - washingtonpost.com.
Executives of Fannie Mae and Freddie Mac invoked the upheaval in the mortgage market yesterday as a reason for lawmakers to be cautious about subjecting them to stricter regulation.The recent meltdown in unconventional home loans provided political ammunition for Fannie Mae and Freddie Mac just as House members are poised to move ahead on long-delayed legislation aimed at tightening controls on the federally chartered mortgage-funding companies.
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