Senator Schumer(Democrat-Fannie Mae) to Seek Mortgage Funding Boost

The Wall Street Journal reports:

Amid a worrisome slump in the U.S. housing market, Democrats are stepping up efforts to increase the flow of funds into home mortgages by expanding the authority of Fannie Mae and Freddie Mac, despite White House efforts to limit the companies' roles.

The latest move comes Monday, as Sen. Charles Schumer plans to introduce a bill that would temporarily loosen growth constraints on the two government-sponsored investors and increase the size of mortgages they can purchase in high-cost areas.

"This is what Fannie and Freddie were designed for," the New York Democrat said.

Nothing is so permanent as a politician calling for something temporary.Fannie Mae has "invested" well in Senator Schumer(Democrat-Fannie Mae).