Buried in Congressman Richard Baker’s several-months-old legislation to restructure the government’s oversight of Fannie Mae and Freddie Mac is a controversial provision that would effectively lower the two GSEs’ mortgage purchase limits. The provision, contained in H.R. 2575, the Secondary Mortgage Market Enterprises Regulatory Improvement Act, would roll back the Fannie/Freddie loan limit to its 2001 level of $275,000 and then direct the new Office of Housing Finance Supervision to adjust the limit going