ADVISORY/CitiMortgage and Fannie Mae Announce New Multibillion Dollar Affordable Mortgage Lending Partnership to Help Washington, DC and Baltimore Families Become Homeowners.Assignment Editors ADVISORY... for Thursday Thursday: see week. (Sept. 21) --(BUSINESS WIRE)
WHEN: Thursday, September 21, 2000
12:00 noon
WHO: Eric Price
Deputy Mayor, Economic Development, Washington, DC
Steve Stein
Executive Vice President, CitiMortgage, Inc.
Adolfo Marzol
Executive Vice President and Chief Credit Officer, Fannie Mae
Linda Cropp
Chairperson, DC City Council
Charlene Drew Jarvis Vincent Orange
DC City Council DC City Council
Jack Evans Jim Graham
DC City Council DC City Council
The Swift Family and The Bonilla Family
Homeowners
WHAT: CitiMortgage and Fannie Mae (NYSE:FNM), the nation's largest source of
financing for home mortgages, will announce a new multibillion partnership to
provide affordable mortgage lending to Washington, DC and the Baltimore
metropolitan area families. Thousands of low- and moderate-income, minority,
new immigrant, and other underserved families in these cities will benefit from
the partnership. WHERE: Shiloh Baptist Church, Heritage Hall 1500 Ninth Street,
NW Washington, DC
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. Over the past 31 years, Fannie Mae has provided nearly $2.9 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. of mortgage financing for over 35 million families. More information about Fannie Mae can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.fanniemae.com. |
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