Fannie Mae appears to be taking off the gloves when it comes to fighting the Federal Home Loan Banks and their foray into the mortgage purchase business. In what some FHLBank insiders saw as a warning for them to steer clear of GSE legislation currently focused on Fannie and Freddie that is being drafted on Capitol Hill, Fannie last week circulated an outline of “possible FHLBank legislation.” Significantly, the proposed changes consisted mostly of