Financial Services >> Analyst Interviews >> July 19, 2004

MORTGAGE FINANCE & MORTGAGE REITs: MICHAEL MCMAHON – SANDLER O’NEILL & PARTNERS LP

MICHAEL MCMAHON, a Managing Director of Sandler O'Neill & Partners, LP, joined the firm in 1998. He is responsible for covering West Coast banks and thrifts, and mortgage finance companies on a national basis. Prior to joining Sandler O'Neill, he was an Associate at UBS Securities in San Francisco from 1996 to 1998, where he followed the mortgage finance industry. From 1980 to 1996, he was with First Interstate Bank of California where he was mainly focused on lending to the mortgage finance industry. He earned his BA from the University of San Diego in 1980. He is a speaker at bank, thrift and mortgage banking conferences, and is widely quoted in national business publications. Profile
TWST: Michael, can you start with an overview of your coverage in the

mortgage finance space?

Mr. McMahon: I cover some of the larger cap names such as Fannie Mae

(FNM), Freddie Mac (FRE) and