WASHINGTON (Source: MarketWatch By Ronald D. Orol) — House lawmakers clashed Thursday over how best to reform government-seized housing giants Fannie Mae and Freddie Mac, as lawmakers seek to protect a mainstay of the housing market: 30-year mortgages. ”The housing market is in a very fragile state,” said Rep. Chris Van Hollen, a Maryland Democrat, during a House Budget Committee hearing on the housing market.

Source: MarketWatch By Ronald D. Orol

June 2, 2011, 2:36 p.m. EDT

To read more, click on this link