The Long, Winding Road for Fannie and Freddie

by Minyanville

Editor's Note: This article was written by Richard Suttmeier chief market strategist at ValuEngine.com which is a fundamentally-based quant research firm in Princeton New Jersey that covers more than 5 000 stocks every day.The Housing and Economic Recovery Act (HERA) of 2008 set the terms for Conservatorship of Fannie Mae (FNM) and Freddie Mac (FRE) with a wind-down date of December 31 2009. The Enterprise MBS program will end the year at approximately $220 billion up from $202 billion shown on November 16 2009. The GSE Liquidity Facility will end at zero having never been used.I've been predicting that ...

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