Inside: Contents Briefing Book Richard Cordray: Jeopardy! Champ, Consumer Champ What's Driving Tight Credit? Executive Suite People Digital Edition Click here

IN THIS ISSUE: Lots Still Up in the Air More than three years after a government takeover of Fannie Mae and Freddie Mac, there is no clear pathway out of conservatorship. There have been thoughtful white papers, guarantee-fee hikes and many speeches about the need to downsize the government role in the housing finance system. Yet the private mortgage securities market remains virtually dormant. What will it take to sow the seeds of a new private securitization market? MORTGAGE BANKING MOURNS THE PASSING OF NEIL MORSE, a longtime contributor and regular On the Road columnist for the magazine. Neil passed away on April 27 at his home in Connecticut.