WASHINGTON -- The challenge of doing more affordable housing lending for Freddie Mac lies in learning to do tailored, community-oriented lending on a wholesale scale, a top agency executive said.

The agency must learn to replicate small pilot projects on a wholesale level, so that it can inl vest in affordable housing loans in the same "hands-off or arms" length" way as other loans, said Ann Schnare, vice president of housing economics at the Federal Home Loan Mortgage Corp.

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