Federal Housing Finance Agency Director James Lockhart outlined several possible frameworks on Wednesday for the future of Fannie Mae and Freddie Mac.

Though Lockhart did not take a firm position at a House Financial Services capital markets subcommittee hearing on the government-sponsored enterprises, he laid out various pros and cons for ideas on how to reconstitute them. He also advocated giving his agency a role in preventing systemic risk, and lobbied for it to have a seat on the Federal Financial Institutions Examination Council's board.

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