ADVISORY/ Fannie Mae's Chief Economist to Forecast 2000 Mortgage Market at Hibernia Conference.News/Assignment Editors ADVISORY...for Friday, Jan. 21 --(BUSINESS WIRE) Dr. David Berson Dr. David M. Berson is Professor of Medical Science at Brown University. He helped lead the way in the discovery of a third class of mammalian photoreceptors by providing the first electrophysiological recordings from intrinsically photosensitive retinal ganglion cells. : "What to Expect in our Economy in 2000 and Beyond" Hibernia Mortgage Banking Rally, Friday, Jan. 21, 9:15 a.m. - 10:30 a.m. Radisson Hotel, Premier Ballroom I and II, 4728 Constitution Ave., Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. The chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Dr. David W. Berson, will discuss his forecasts for the 2000 and 2001 mortgage market and U.S. economy at Hibernia National Bank's annual Mortgage Banking Rally Friday, Jan. 21, from 9:15 to 10:30 a.m. Berson also will talk about how national mortgage statistics relate to the Louisiana, Mississippi and east Texas markets. Fannie Mae is the largest provider of mortgage funds in the country. Hibernia closed nearly $1.5 billion in residential mortgages in Louisiana in 1998, giving it the largest Louisiana market share, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the most recent information available from the Mortgage Bankers Association of America. National Mortgage News ranked the bank 46th in the country for mortgage originations for third-quarter 1999. This is the fifth annual Mortgage Rally and brings together 275 Hibernia mortgage bankers and other bank officers to assess the market for the coming year. Fannie Mae is a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. company and the largest non-bank financial-services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 31 years, Fannie Mae has provided nearly $2.8 trillion of mortgage financing for more than 34 million families. Please phone 504/568-1233 to attend or for interviews. This event is not open to the public, and attendance is by invitation only. The keynote luncheon speaker will be Alan Bean Alan LaVern Bean (born March 15, 1932) is a former NASA Astronaut and became the fourth man to walk on the moon at the age of 37. Bean was born in Wheeler, Texas and graduated from R. L. , the fourth man to walk on the moon as a member of Apollo 12 crew in 1969. He also spent 59 days in space as commander of the Skylab II Mission in 1973. Science teachers from area schools also will attend to take back to their classrooms his insights on teamwork and early space flight. Hibernia is a $15.3-billion-asset organization with 250 banking locations in 33 Louisiana parishes and 13 Texas counties. It is first in overall market share in Louisiana with 22.3%, and either first, second or third in 31 Louisiana parishes and six Texas counties. Hibernia's Louisiana markets represent approximately 80% of the state's population and 84% of its deposits. The company's common stock (HIB Hib abbr. Haemophilus influenzae type b ) is listed on the New York Stock Exchange. Hibernia news releases; product and service information; and other useful data can be accessed through the company's Internet site at www.hibernia.com. Requests for information about Hibernia products and services can be e-mailed to mailus@hibernia.com. |
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