For all the fire generated by the Congressional Budget Office's report on high profits and conflicting interests at Fannie Mae and Freddie Mac , Wednesday's hearing on the issue was a pretty tame affair.

Democrats backed the government-sponsored mortgage agencies to the hilt, arguing that low-income and minority Americans would find it harder to buy homes without Fannie Mae's and Freddie Mac's help.

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.