Congress must fix mortgage watchdog

Perspective: OFHEO required to keep Fannie, Freddie in check

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.