That’s no need for Freddie now that they’re no longer GSE’s but wholly controlled by the US Government. It was not until Fannie was spun out into a quasi-private enterprise that Congress saw fit to create Freddie as “competition” for Fannie.
Kill Freddie, roll all their operations into Fannie and call it done.
Combining the 2 entities does not eliminate systemic risk.
Besides, Freddie is the less risky of the two.