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FANNIE MAE BOARD ELECTS TWO SENIOR VICE PRESIDENTS AND SEVEN VICE PRESIDENTS

         FANNIE MAE BOARD ELECTS TWO SENIOR VICE PRESIDENTS
                      AND SEVEN VICE PRESIDENTS
    WASHINGTON, Nov. 19 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE: FNM) today announced that its board of directors has elected two senior vice presidents and seven vice presidents.
    Donna Callejon was elected senior vice president - marketing and Mortgage-Backed Securities (MBS).  She is responsible for single-family product acquisition, product development and program management, marketing, MBS capital markets and MBS investor marketing.
    Ellen S. Seidman was elected senior vice president - regulation, research and economics.  She is responsible for the corporation's regulatory policies and relationships, housing policy and housing finance research, and economic research, forecasting and reporting.
    Frank Demarais was elected vice president for product development.  He is responsible for Fannie Mae's product development and program enhancement efforts.
    Thomas M. Ducey was elected vice president for loan servicing and lender standards.  He is responsible for mortgage servicing policies and procedures.
    John E. Gallagher was elected vice president for public finance. He is responsible for developing and implementing all specialized products for use by state and local housing finance agencies.
    Julia A. Gould was elected vice president for community lending. She is responsible for developing and implementing all single-family community lending products designed to serve low- and moderate-income families.
    David E. Phelps was elected vice president for loan liquidations. He is responsible for all loan liquidation activities.
    Sherri Engelman Reich was elected vice president and counsel - Northeastern Regional Office.  She is responsible for directing the legal activities in the 12-state region and managing the regional counsel staff.
    James A. Rowan was elected vice president for multifamily underwriting.  He is responsible for the management of all aspects of multifamily loan acquisitions through the Prior Approval and Delegated Underwriting and Servicing standard product lines.
    Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
    -0-                          11/19/91
    /CONTACT:  Tom Marder of Fannie Mae, 202-752-7608/
    (FNM) CO:  Fannie Mae ST:  District of Columbia IN:  FIN SU:  PER TW -- DC018 -- 5047 11/19/91 14:47 EST
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Publication:PR Newswire
Date:Nov 19, 1991
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