Community leaders and taxpayer groups reconvened before the House Capital Markets Subcommittee last week to discuss the role of the government sponsored enterprises as it relates to a bill pending in the subcommittee.

As was the case at the previous hearing, the theme consisted of how low-income and minority homeowners are affected by the GSEs as they attempt to move into the less-than-perfect credit market. Since the introduction of the bill February 29, healthy debate has ensued over whether the government should combine the regulation of Freddie Mac, Fannie Mae and the Federal Home Loan Banks, strip their lines of credit to the U.S. Treasury and require them to disclose a significant amount of data.

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