The Long Road Ahead For Fannie & Freddie

Wednesday, 23 Feb 2011 | 12:00 AM ET

Lewis Ranieri, widely considered the "father" of the mortgage bond, reveals why it will take a long time to reduce the role Fannie and Freddie play in the real estate market. Plus, his take on what's needed to revive the private sector's role in the mortgage-backed securities market.