ADVISORY/Fannie Mae Chairman and Secretary Cuomo to Hold Press Conference at 2:00 PM.Assignment Editors ADVISORY...for Thursday (March 2) --(BUSINESS WIRE)
WHAT: HUD Secretary Andrew Cuomo and Fannie Mae Chairman
and CEO Franklin D. Raines will make a statement on
Fannie Mae's commitment to mortgage credit for African
Americans
WHEN: Thursday, March 2, 2000
2:00 p.m.
WHO: Franklin D. Raines,
Chairman and CEO, Fannie Mae
The Honorable Andrew Cuomo,
Secretary of Housing and Urban Development
Available by teleconference
WHERE: Fannie Mae
3900 Wisconsin Avenue, 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 $2.8 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 34 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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