Plan to eliminate Freddie & Fannie

[Charles M.]

I'm surprised that no one else is discussing this on BP or maybe I just haven't found it but can you please share your thoughts regarding today's news, "Obama to back mortgage finance reform to speed housing recovery". I don't think there is a written proposal to research yet but basically, two in congress along w / the POTUS are communicating the desire to phase out and eliminate Freddie & Fannie and create a single "private" entity that would basically do the same thing Freddie and Fannie are doing now. Do you have any thoughts on how this might affect the overall housing/lending sectors? New opportunities? Thanks!