WASHINGTON - State housing finance authority officials and housing market experts yesterday expressed support for the Treasury Department's plan for taking over Fannie Mae and Freddie Mac, saying it will stabilize the overall housing market. John Craford, executive vice president of finance and administration for the Connecticut Housing Finance Authority, said the takeover should ease concerns throughout the housing market, which will benefit housing finance agencies.

"I think the impact on us is - at least in the intermediate term assuming it works - it presumably stabilizes the housing market," Craford said. "It helps housing prices stabilize, so it sort of helps everybody."

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