A key lawmaker in the Senate is looking to bring the Federal Home Loan Banks and their regulator into the emerging debate on the need for tougher oversight of Fannie Mae and Freddie Mac. Sen. Paul Sarbanes, D-MD, used two hearings last week to call attention to perceived problems at the FHLBanks and the Federal Housing Finance Board. First, the ranking Democrat on the Senate Banking, Housing, and Urban Affairs Committee complained about the