ADVISORY/Fannie Mae to Meet its Trillion Dollar Commitment Early.News/Assignment Editors ADVISORY...for Wednesday Wednesday: see week. (March 15) --(BUSINESS WIRE) Fannie Mae Fannie Mae: see Federal National Mortgage Association. to Meet its 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. Dollar Commitment Early; Launches New Initiative to Close Nation's Homeownership Gaps and Strengthen Communities
WHEN: Wednesday, March 15, 2000
11:00 a.m.
WHO: Franklin D. Raines
Chairman and CEO
Fannie Mae
WHAT: A press conference to announce the completion of
Fannie Mae's Trillion Dollar Commitment, originally
launched on March 15, 1994, to serve 10 million
American families by the end of the year 2000. In
addition, Fannie Mae's Chairman, Franklin Raines
will announce an even bolder initiative to help
close the nation's homeownership gaps and aid
Americans who haven't yet achieved the American
Dream of homeownership.
WHERE: Fannie Mae
3900 Wisconsin Avenue, NW
Washington, DC 20016
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 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 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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