A hearing by a subcommittee of the Senate Committee on Banking, Housing and Urban Affairs turned into a showcase for Sen. Elizabeth Warren, D-MA, to criticize Fannie Mae, Freddie Mac and the Federal Housing Finance Agency. “To be blunt, Fannie and Freddie have put homeownership out of the reach of millions of creditworthy families,” Warren said at a hearing by the Banking Subcommittee on Housing, Transportation and Community Development. She focused on average credit scores for mortgages delivered to the GSEs. “In 2012, the average credit score associated with a mortgage purchased by Fannie or Freddie was over 760,” Warren said. “That is more than 50 points higher than the average credit score associated with the mortgages they purchased back ...