Competition from Fannie Mae and Freddie Mac, as well as traditional rivals in the primary mortgage market, was the most widely cited challenge facing community bankers in a recent industry survey. Some 35 percent of the 320 thrifts and locally-based commercial banks said they were concerned about competition from the government-sponsored enterprises, mortgage bankers, large banks and finance companies that are not subject to federal regulations. Following the record production year of 2002, the