Big banks may have Fannie, Freddie in their sights, report says

Too-big-to-fail banks are leading a charge to replace the mortgage giants

By Andrea Riquier

WASHINGTON (MarketWatch) — It’s a housing industry chestnut: Fannie Mae and Freddie Mac will languish forever in “conservatorship,” the nebulous state they entered as the housing bubble burst in 2008, because no one in Washington has the gumption to make hard policy decisions to change the mortgage giants.

Not so fast, argues a recent investigation by the New York Times.