Two key lawmakers have asked the federal housing agencies to persuade loan servicers to cut some slack for furloughed government workers who miss mortgage payments.

In identical letters sent Dec. 28 to the chairmen of Fannie Mae and Freddie Mac, House Banking Committee Chairman Jim Leach urged that the workers be "protected from unintended consequences of the budget impasse."

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.