Bush re-election haunts Fannie and Freddie 

Mortgage heavyweights Fannie Mae and Freddie Mac likely face tougher oversight reform proposals over the coming year in light of President Bush's re-election and Republican gains in both houses of Congress, according to industry observers.

Since the Freddie Mac accounting scandal rattled investors last year, Congressional members have crafted and discussed passing legislation to strengthen oversight of the housing government-sponsored enterprises, or GSEs.

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