Rings..., What reforms do you propose for Fmae and Fmac? Other than legislating that no mortgages are given by banks etc. to those with marginal abilities to pay them off? Or institutions can loan only with high interest rates to block those with little collateral?

To do this, refuse to buy mortgages except those given to people or institutions who don't really need them in the first place?

Eliminate one of them?