ADVISORY/Chicago Mayor Richard M. Daley and U.S. Rep. Danny Davis Join Bank One and Fannie Mae to Announce New $12.5 Billion Partnership to Increase Affordable Housing Opportunities.News/Assignment Editors ADVISORY...for Wed. (Dec. 4) --(BUSINESS WIRE)
WHEN: December 4, 2002
9:00 a.m.
WHO: The Honorable Richard M.Daley
Mayor, City of Chicago
The Honorable Danny Davis (D-IL)
U. S. House of Representatives
Heidi Miller
Chief Financial Officer, Bank One
Jamie Gorelick
Vice Chair, Fannie Mae
New Homeowners
WHAT: Chicago Mayor Richard M. Daley and U.S. Representative Danny
Davis (D-IL) will join Bank One, the nation's sixth-largest
bank holding company, and Fannie Mae (NYSE:FNM), the nation's
largest source of financing for home mortgages, to announce a
new partnership to provide $12.5 billion in affordable
mortgage lending over the next five years. This partnership
will expand and introduce flexible mortgage initiatives that
address the needs of low- and moderate-income borrowers,
minority home buyers, and new immigrants.
WHERE: Bank One
Bank One Plaza
Fifty-seventh Floor
Chicago, IL
Bank One Corporation (NYSE NYSE See: New York Stock Exchange :ONE) is the nation's sixth-largest bank holding company, with assets of more than $270 billion. Bank One can be found on the Internet at www.bankone.com. Fannie Mae Fannie Mae: see Federal National Mortgage Association. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Fannie Mae is working to shrink the nation's "homeownership gaps" through a $2 trillion "American Dream American dream also American Dream n. An American ideal of a happy and successful life to which all may aspire: Commitment" to increase homeownership rates and serve 18 million targeted American families American Family is a photographic artwork exhibition by Renée Cox. See also
More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com. Style Usage: Fannie Mae's Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the company to operate as "Fannie Mae," and the company's stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae." |
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