Fannie, Freddie, a Rock & a Hard Place

Tuesday, 2 Feb 2010 | 1:05 PM ET

The Obama administration said it's ready to chart a new course for beleaguered government-sponsored mortgage giants Fannie Mae and Freddie Mac, but as of late, its' been mostly talk and little action. James Lockhart, fmr. FHFA director, and CNBC's Diana Olick discuss.