A leading securities analyst believes Fannie Mae and the mortgage
Bruce Harting of Salomon Brothers, New York, wrote in a report
He pointed to widening interest rate margins, stronger loan-purchase
Mr. Harting was more bearish on Freddie Mac. That agency "will
About mortgage insurers, Mr. Harting said all of them are operating "in
His reasons:
*Decreasing competition from GE Capital Mortgage Insurance Corp.
*Healthy loan origination volume.
*Low unemployment and reasonable income growth, leading to fewer
*Improving premium margins as a result of deeper coverage requirements.
*The switch from annual to monthly premiums.
About Countrywide Credit Industries, his other mortgage finance stock,