Four of the five witnesses at the latest House Banking subcommittee hearing on a bill to tighten regulation of Fannie Mae and Freddie Mac said they oppose eliminating the government-sponsored enterprises' line of credit with the Treasury.

The hearing on a bill sponsored by Rep. Richard Baker, R-La., focused on so-called mission creep - the contention in the home finance industry that Fannie and Freddie are overstepping the boundaries of their charters. Previous hearings had focused on the risks to the government if the enterprises, which foster liquidity by buying home mortgages, were to default.

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