Assertion: senator's office | /r/CapableOf | raise fannie mae
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text: In September 2007, Schumer proposed that the Office of Federal Housing Enterprise Oversight (OFHEO) raise Fannie Mae and Freddie Mac's conforming loan ("affordable") limits from $417,000 to $625,000, thereby allowing these government-sponsored enterprises (GSEs) to back mortgages on homes priced up to $780,000 with a 20 percent down payment.