Fannie Mae and Freddie Mac have come a long way in the subprime market, including having apparently turned around lender perceptions about their growing role as investors in the sector. Not too long ago, bashing Fannie Mae and Freddie Mac was a featured activity at the annual conference of the National Home Equity Mortgage Association, a leading trade group for subprime lenders. But at NHEMA’s recent meeting in Palm Desert, CA, there was widespread