Replies to post #5410 on Fannie Mae-No Politics (FNMA)

[RDG013]

It is hard to tell if it is time for the recovery right now, but looking more and more like it on the GSE's. Witha ll of the other positves that have been lining up, the Fed came out with the big stick yesterday and baisically made it possible for FRE and FNM to finance/refinance to their hearts' content.

I am still thinking we could be looking at the perfect storm lining up here which could take us on a run exceeding the late September run and then some. Obviously we will have profit taking, but the upward pressure willhopefully handle it.

[puffyk]

Exactly. Key word is stabilization. I think the March refinance #'s are going to be amazing. So much PR about the President's mortgage program that was released on the 3rd, I believe, that a flood will be occurring the next 3 months.

Almost everyone at my job (a huge multi-media company) is re-financing or buying up foreclosures or heavily discounted standing inventory.