ADVISORY/U.S. Senator Kennedy, U.S. Representatives Moakley and Capuano, and Mayor Menino Join Fannie Mae to Announce Completion of 'HouseBoston' Affordable Housing Plan; Company to Announce Multi-billion Statewide Investment Plan.Assignment/News Editors ADVISORY...for Wednesday Wednesday: see week. (May 31) --(BUSINESS WIRE)
WHEN: Wednesday, May 31, 2000
12:00 noon
WHO: The Honorable Edward Kennedy (D-MA)
U. S. Senate
The Honorable Joe Moakley (D-MA)
U.S. House of Representatives
The Honorable Michael Capuano (D-MA)
U.S. House of Representatives
The Honorable Thomas Menino
Mayor, City of Boston
Franklin D. Raines
Chairman and CEO, Fannie Mae
WHAT: Senator Kennedy, Representatives Moakley and Capuano, and
Mayor Menino will join local housing leaders and Fannie Mae's
Chairman Raines to announce the completion of "HouseBoston," a
five-year investment plan with the City of Boston. Fannie Mae
(FNM/NYSE), the nation's largest source of financing for home
mortgages, also will announce "HouseMassachusetts," a
multibillion-dollar investment plan to help finance affordable
housing for thousands of Massachusetts families.
WHERE: Historic Faneuil Hall - Merchants Row
Boston, MA
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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