BANKTHINK

Fannie, Freddie to Form New Firm; Corbat's Executive Review Plan; JPM's Whale Resurfaces

Receiving Wide Coverage ... Fannie-Freddie Merger: One big step for housing reform? Federal Housing Finance Agency acting director Edward DeMarco unveiled plans on Monday to merge certain parts of government-controlled mortgage giants Fannie Mae and Freddie Mac in order to "create a common platform for issuing mortgage-backed securities." Details on this plan were scarce, but the merger of certain "back-office functions" would involve forming a new company with its own CEO, management and headquarters. This firm…

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