Former Treasury Secretary Henry Paulson put mortgage agencies Fannie Mae and Freddie Mac into conservatorship in 2008. But little progress has been made since to help them.

NEW YORK (CNNMoney) -- It has been more than three years since then Treasury Secretary Henry Paulson fired his famous metaphorical bazooka and the federal government seized control of mortgage agencies Fannie Mae and Freddie Mac.

Sadly, Fannie and Freddie are still a cause for worry and a source of national embarrassment.

Late Tuesday, Fannie Mae said that CEO Mike Williams was stepping down sometime this year. That follows the news late last year that Freddie Mac CEO Ed Haldeman was also planning to leave.

Former Fannie CEO Daniel Mudd and former Freddie CEO Richard Syron have each been...