Freddie Mac expects to gain market share, but the mortgage buyer's head of securitization says that's only part of the story of Freddie's recent alliances with Norwest Mortgage and Bank of America.

John Fisk, executive vice president for single-family securitization, estimated that Freddie's share of the secondary market for home loans would rise to 45% from about 42% as a result of the deals. But he said that the company had not set market share goals and its competitor, Fannie Mae, could well regain the lost share by cutting prices.

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