GAO Scrutinizes Fannie, Freddie Alternatives

" A handful of proposed alternatives to the structure of the companies, now in conservatorship, include a network of smaller securitization entities and a massive switch to utility companies. The proposed revamps of Fannie Mae and Freddie Mac pose inherent benefits and risks to taxpayers, the mortgage finance industry and the government-sponsored enterprises (GSEs) themselves, according to a report by the Government Accountability Office (GAO) last week."