More mortgage industry groups are taking aim at Fannie Mae’s plan to provide $10 billion in acquisition, development and construction financing over 10 years, warning it could hurt local lenders, undermine local housing markets, and expose the GSE to more risk than it can handle. In a letter sent last week to Housing and Urban Development Secretary Alphonso Jackson, FM Policy Focus Chairman J.C. Watts said “the Fannie Mae venture is not consistent with governing…