Fannie Mae and Freddie Mac are generally supportive of a new record retention regulation proposed by the Office of Federal Housing Enterprise Oversight earlier this year, but expressed concerns that some of its aspects were far too broad. Under the OFHEO proposal, published in the June 1, Federal Register, Fannie and Freddie would have to establish and maintain a record retention program, along with internal controls, procedures and training programs to ensure the program’s adequacy and effectiveness...