Freddie Mac continues to be put through the wringer after a high-profile accounting scandal forced the company to restate earnings for the last three years and led to the ousting of three top-level executives.

Most recently, the House Subcommittee on Capital Markets, chaired by Rep. Richard Baker (R-La.), has entered the fray as it met on Capitol Hill last week to discuss increased regulation for the nation's second-largest mortgage financier. Baker, a longtime critic of Fannie Mae and Freddie Mac, introduced a bill that would revamp oversight of the two government-sponsored companies, which together make up 40% of the U.S. home mortgage market.

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