Because it worked so well the last time. Fannie, Freddie asked to relax condo loan rules: report (Reuters) - Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said. http://www.reuters.com/article/GCA-Housing/idUSTRE55L39120090622 I have an idea to stimulate the economy. Let make a bunch of risky loans to people who probably won't be able to pay them back. What could possibly go wrong?