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Fannie, Freddie Might Be Profitable in 2011, Rosner Says

Fannie Mae and Freddie Mac, the government-sponsored entities that got more than $154 billion in U.S. aid, may return to profitability in 2011, according to Graham Fisher & Co. Managing Director Joshua H. Rosner.

“They’ll probably be profitable by the end of the year,” Rosner said today in New York during a Bloomberg Link conference on insurance portfolio strategies. That may reduce political pressure for a complete overhaul and lead lawmakers to “just tidy up the system,” said Rosner, who took part on a panel discussing the future of the U.S. housing system, with an emphasis on Fannie Mae and Freddie Mac.