The government's blueprint for applying risk-based capital standards to Fannie Mae and Freddie Mac may be too lenient, a Republican lawmaker said Wednesday.

At a hearing sponsored by House Banking's capital markets subcommittee, Chairman Richard H. Baker said the Office of Federal Housing Enterprise Oversight's proposed "stress test" is easier than the tests private rating agencies apply to corporations before giving them a triple-A rating.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.