Run into the ground by mismanagement and criminal oversight failure by Democrats in Congress, Fannie Mae and Freddie Mac - taken over by the government in 2008 - appear to be on the chopping block entirely. A report, that was due at the end of January but will be released this week, will offer alternatives to keeping the twins in business.New York Times: The report will describe a plan for winding down the two companies, which were taken over by the government in 2008. Initial steps will include preventing the companies from buying loans larger than $625,500, and increasing the fees they charge for loan guarantees, according to officials who spoke on condition of anonymity so as not to pre-empt the official release.The report will describe reforms in other areas of the mortgage business, including enhanced borrower protections, changes in mortgage servicing to address the industry's failure to work with borrowers who fall behind on payments, and new steps to clean up loan...(Read Full Post)