Remaking Fannie and Freddie: Six Mistakes to Avoid
Wall Street Journal online
... Public policy experts have spent much of 2009 debating how to fix the market. In 2010, they'll be wrestling with a different question: What should the government do with Fannie Mae and Freddie Mac?...
... Another paper, completed for Genworth Financial Corp. and released last month, similarly calls for the government to play a continued role in the mortgage market by explicitly guaranteeing issues of securities backed by certain mortgage products. The paper was written by Ann Schnare, a former Freddie Mac executive, and Richard Green, the director of USC's Lusk Center for Real Estate.
The paper provides a concise summary of the different options for Fannie and Freddie as well as a primer on the companies' history...