Mortgage finance giants Fannie Mae and Freddie Mac may not even exist in their current forms after a revamp of the U.S. housing finance system, Assistant Treasury Secretary Michael Barr said on Tuesday. Moreover, "private gains will no longer be subsidized by public losses," he said. Continue reading Fannie Mae and Freddie Mac Overhauls May Transform Mortgage Giants Fannie Mae and Freddie Mac Overhauls May Transform Mortgage Giants originally appeared on DailyFinance on Wed, 15 Sep 2010 11:14:00. Filed Under: Economy , Fannie Mae , Real Estate , Freddie Mac , Credit Permalink | Tweet this! | Comments