Limiting the debt of Fannie and Freddie, while comparably expanding their role in mortgage securitization, would be consistent with the original congressional intent that these institutions provide stability to the secondary market for home mortgages and liquidity for mortgage investors.
Indeed, in 1989, before the rapid expansion of its portfolio, Freddie testified before the Congress that the need for safe and sound operation and provision of affordable mortgages to homebuyers was inconsistent with holding a substantial portfolio.