By Arpit Gupta
With the U.S. Treasury's recently released plan to revamp Fannie Mae and Freddie Mac, an important piece of government-sponsored enterprise ((GSE)) reform is falling into place. Over a decade has passed since the 2008 subprime mortgage meltdown and the bailout of Fannie and Freddie, so you may be asking: What took so long? The answer is that the Treasury plan - developed with input from the Federal Housing Finance Agency and the Department of Housing and Urban Development - reflects the legacy of steady administrative reforms at the GSEs that have lowered