Are Fannie and Freddie Feeling Competitive Heat From FHLBanks? One Firm Says ‘Yes’
September 13, 2002
Fannie Mae and Freddie Mac could have a tough time delivering on their strong longer-term earnings growth forecasts if the fledgling mortgage programs of the Federal Home Loan Banks continue to grow. That’s the conclusion of a controversial new report from investment bank Fox-Pitt, Kelton. The analysis, released last week, contends that Fannie Mae and Freddie Mac are already feeling the heat