Obama Wants Your Mortgage

The Obama Administration is exploring ways that the federal government can keep a hand in the mortgage industry. A small team of presidential advisers is developing a plan to do just that, The Washington Post reports. Options include restructuring Fannie Mae and Freddie Mack as public utilities overseen by a government regulator. Or the two companies could be shut down and replaced with several successors. The White House said it has not decided on an approach for reforming the housing finance system.