Fannie Mae and Freddie Mac must feel like children watching their parents fight. After a bipartisan Senate Banking Committee group rebuked HUD Secretary Henry Cisneros in a Dec. 7 letter over his position on the GSEs loan purchase limits, you might not blame them.

The HUD-senate spat adds another plot twist to the evolving loan limit soap opera, and the latest episode may have taken enough pressure off of the agencies to allow them to keep their limits without fear of HUD repercussions.

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