Although all the housing GSEs saw strong mortgage purchase volume in the first quarter of 2003, the Federal Home Loan Banks managed to beat out Fannie Mae and Freddie Mac when it came to market share gains. Fannie and Freddie together reported $508.6 billion in business volume during the first three months of the year – an amount that represented a healthy 62.0 percent of the $820 billion in estimated total mortgage originations for