Reforming Fannie Mae & Freddie Mac Is Just the First Step

For nearly 17 years, Fannie Mae and Freddie Mac — two pillars of the U.S. housing finance system — have remained under federal conservatorship. The debate over how to exit this limbo has consumed housing policy circles for over a decade. Most stakeholders now agree that reform is overdue. But even the best plan to restructure these institutions will fall short if it ends there. Read Full Article »