A move to allow Freddie Mac to insure itself against the credit risk of low-down-payment loans has drawn fire from the Treasury Department.

In an Oct. 6 letter to Tom Daschle, the Democratic leader in the Senate, and Trent Lott, the Republican leader, Assistant Treasury Secretary Richard S. Carnell said the plan, which is attached to the appropriations bill for the departments of Housing and Urban Development and Veterans Affairs, should be subject to public hearings.

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