Still, Freddie reported a profit in the quarter and did not request any funds from the Treasury Department for just the fourth time since it entered conservatorship in 2008. But Anthony Sanders, a real estate finance professor at George Mason University, said the smaller of the government-sponsored enterprises is living on the refinancing mortgages it purchased in the past. An article by Sanders on Fannie, Freddie and the Dodd-Frank Act's effects on the secondary market will be featured in the June issue of HousingWire.