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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "notes": "Includes market capitalization, return on equity metrics, trading multiples, and shareholder return data.",
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      "text": "We believe a mid-teens multiple of earnings is appropriate when benchmarked against P&C insurance and regulated utility companies",
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      "text": "Source: Capital IQ, Bloomberg, company filings, broker research. (1) Returns on common equity and tangible common equity... (2) Consensus EPS growth... (3) FNMA and FMCC market caps...",
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