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Sandler O'Neill Drops Its GSE Coverage.(Sandler O'Neill and Partners L.P. and Federal National Mortgage Association )(Brief Article)

Mortgage Servicing News

| February 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

New York -- Investment banking firm Sandler O'Neill has dropped coverage of Fannie Mae and Freddie Mac due to what it calls a "realignment" of the companies it covers. Analyst Laura Kaster who last covered the GSEs for Sandler could not be reached for comment. It is uncertain whether the investment banking firm will renew coverage in the future but very well could.

Prior to Ms. Kaster, Sandler analyst Mike McMahon had covered the two GSEs for several years but in 2005 moved onto following only depositories.

Until accounting scandals at ...

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Source: HighBeam Research, Sandler O'Neill Drops Its GSE Coverage.(Sandler O'Neill and Partners...