It's rare for Fannie Mae and Freddie Mac to duke it out in public. The two government-sponsored titans of the mortgage market prefer to battle behind closed doors.

But in an unusual display of their bitter rivalry, Freddie Mac went to court last month to stop Fannie from raiding its staff for an up-and-coming executive, Paul Allen.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.