Restructuring of mortgage giants, Fannie Mae and Freddie Mac is being considered by the Obama Administration. This restructuring would remove hundreds of billions of dollars in troubled loans from the companies and would be handed over to new government-backed lenders. These lenders would take over the responsibility of collecting the outstanding balance on these troubled loans, leaving Fannie Mae and Freddie Mac with room for a 'do-over'.

One of the negative issues with the new proposal is that when you take into consideration the rising unemployment rate and rising foreclosures, where will Fannie Mae and Freddie Mac end up in the future, as they currently own trillions of dollars of existing mortgages? This new proposal is still in the preliminary stages and is scheduled to be discussed with the White House's Economic Council tomorrow.