In one of the latest proposals for GSE reform, a trio of authors suggested that most other proposals have been too “complicated” and suggest that Fannie Mae and Freddie Mac morph into a Ginnie 2.0 structure. They said this would utilize the best of the GSEs’ core capabilities and Ginnie Mae’s functionality. Ginnie is best suited to support the conventional market of Fannie and Freddie while dropping the more harmful aspects, such as their large mortgage portfolios and interest rate and credit risk, said the authors, who include Jim Park, CEO of the Mortgage Collaborative. They suggested that the Federal Housing Finance Agency transfer the necessary GSE components, such as key employees, underwriting...