The outlook at Fannie Mae and Freddie Mac isn't quite as bleak as it once was, but it still might not be a place for investors that are faint of heart. After witnessing the successful turnaround stories at AIG (NYSE:AIG) and Bank of America (NYSE:BAC), some investors are wondering if the GSEs are next in line to soar.

In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss where they see Fannie and Freddie going in the future and if the two entities will have a place in their portfolios.