To encourage congressional action, five public policy experts (including housing policy experts among them) have recently floated a proposal for a GSE succession: A More Promising Road to GSE Reform, by Jim Parrott, Lew Ranieri, Gene Sperling, Mark Zandi, and Barry Zigas. The proposed National Mortgage Reinsurance Corporation (let's call it "Norman Mac," the son of Fannie Mae and Freddie Mac) would create a secondary mortgage market facility that transfers a percentage of mortgage losses through reinsurance.