Mortgage industry participants generally think GSE reform is necessary but they don’t support a complete wind-down of Fannie Mae and Freddie Mac, according to a new survey conducted by the Collingwood Group. Some 64.5 percent of 97 respondents said GSE reform is necessary. “Those who want reform say that the GSEs need not serve as a backup guarantor of home mortgages and believe that the government shouldn’t be guaranteeing more than 90 percent of the market,” Collingwood said. “The majority of respondents felt strongly that Fannie Mae and Freddie Mac’s current state is untenable,” Collingwood said. “Interestingly, none of the survey respondents called for a wind-down or elimination of the GSEs.”Those who said GSE reform is not necessary cited ...