Congress must fix mortgage watchdog

Perspective: OFHEO required to keep Fannie, Freddie in check

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The time has come for Congress to stop playing political football with the Office of Federal Housing Enterprise Oversight, the regulatory agency that’s supposed to keep a close eye on Fannie Mae and Freddie Mac.

OFHEO and the two scandal-plagued mortgage companies have been the subject of multiple Congressional hearings for more than two years, yet Congress has yet to increase the agency’s authority or resources.