Democrats Propose Measure« Thread Started on Oct 12, 2007, 11:20am » --------------------------------------------------------------------------------Democrats Propose MeasureTo Help Subprime BorrowersBy DAMIAN PALETTAOctober 12, 2007; Page A11read at source> http://online.wsj.com/article/SB1192148 ... WASHINGTON -- Senior Democrats in Congress said they will move to allow Fannie Mae and Freddie Mac to temporarily increase their portfolios to help borrowers with subprime loans refinance into more affordable products.Sen. Charles Schumer, of New York, and Rep. Barney Frank, of Massachusetts, said they will introduce bills in their respective chambers, perhaps as soon as next week, that would allow the housing financiers to expand their loan portfolios by 10% for six months. Such a move could force a confrontation with the Bush administration, which has resisted efforts to allow the government-sponsored enterprises, or GSEs, to grow despite problems in credit markets.