The Federal Housing Finance Agency, which oversees Fannie Mae (FNMA.OB) and Freddie Mac...

|About: Fannie Mae (FNMA)|By:, SA News Editor

The Federal Housing Finance Agency, which oversees Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), releases a new plan to unwind the GSEs and help strengthen the private mortgage market. One possibility: Each could hire an outside investment firm to manage their portfolios, but a BlackRock or Pimco would charge hefty fees that could exceed any savings from laying off staff.