Printer Friendly

FANNIE MAE ESTABLISHES HOUSING IMPACT ADVISORY COUNCIL; 35 COUNCIL MEMBERS NAMED

 FANNIE MAE ESTABLISHES HOUSING IMPACT ADVISORY COUNCIL;
 35 COUNCIL MEMBERS NAMED
 WASHINGTON, Oct. 22 /PRNewswire/ -- James A. Johnson, chairman and chief executive officer of the Federal National Mortgage Association (Fannie Mae) (NYSE: FNM), today announced the company's new Housing Impact Advisory Council and its 35 members who will advise on affordable housing programs for low- and moderate-income home buyers.
 "This distinguished advisory council shares our strong commitment to providing affordable mortgage credit to the underserved communities of our country," Johnson said.
 Fannie Mae is preparing to meet new affordable housing goals established in legislation recently passed by Congress to modernize regulation of the secondary mortgage market.
 "We at Fannie Mae believe, as does Congress, that working with a national panel of housing leaders will greatly aid in our achievement of the legislation's goals," said Larry Dale, executive director of Fannie Mae's National Housing Impact Division.
 The council is comprised of nonprofit, state housing agency, and financial institution executives, legal professionals, academicians, and clergy. It will hold its first meeting in December and will meet twice annually beginning in 1993.
 Michael R. White, mayor of Cleveland, and Marvin Siflinger, executive director of the Massachusetts Housing Finance Agency, will co-chair the council.
 In addition to White and Siflinger, the new members are:
 -- William C. Apgar, associate professor, Harvard/MIT, Cambridge, Mass.
 -- Robert J. Banks, chairman and president, Midland Mortgage Investment Corp., Clearwater, Fla.
 -- Gaye G. Beasley, president, The Patrician Finance Company, Bethesda, Md.
 -- Paul E. Bibb Jr., senior vice president, Commonwealth United Mortgage, Houston.
 -- Kate A. Boland, Boland and Associates, Annapolis, Md.
 -- Gale Cincotta, chair, National People's Action, Chicago.
 -- Frank Clay, president, National Association of Real Estate Brokers, Inc., Louisville, Ky.
 -- Cushing Dolbeare, consultant, Washington.
 -- Terrence R. Duvernay, executive director, Georgia Housing and Finance Authority, Atlanta.
 -- Joseph A. L. Errigo, president, Westminster Corporation, St. Paul, Minn.
 -- Allen Fishbein, general counsel, Center for Community Change, Washington.
 -- James Fletcher, president, South Shore Bank, Chicago.
 -- Paul Grogan, president, Local Initiatives Support Corp., New York.
 -- F. Barton Harvey, III, vice-chair, The Enterprise Foundation, Columbia, Md.
 -- J. Roderick Heller, III, chair and chief executive officer, National Corporation for Housing Partnerships, Washington.
 -- David Herlinger, executive director, Colorado Housing and Finance Agency, Denver.
 -- Antoinette Hewlitt, director, City of Oakland Community Development, Calif.
 -- Robert E. James, president, National Bankers Association and Carver State Bank, Savannah, Ga.
 -- Michael D. Lappin, president, Community Preservation Corporation, New York.
 -- Kenneth G. Lore, Esq., Brownstein, Zeidman & Lore, Washington.
 -- Moises Loza, executive director, Housing Assistance Council, Washington.
 -- Sister Lillian Murphy, Mercy Housing Inc., Denver.
 -- Carol Parry, managing director, Chemical Bank, New York.
 -- Craig de Ridder, Esq., Shaw, Pittman, Potts & Trowbridge, Washington.
 -- Carl W. Riedy Jr., director of government affairs, First Boston Financial Corporation, Washington.
 -- The Rev. Donald Sakano, Office of Neighborhood Press, Catholic Charities, New York.
 -- Michael D. Shea, executive director, ACORN, Chicago.
 -- Lawrence B. Simons, Esq., Powell, Goldstein, Frazer & Murphy, Washington.
 -- Ben Slayton, senior vice president and managing director, Western Bank, Sherman Oaks, Calif.
 -- Gordon Steinbach, executive vice president, MGIC, Milwaukee.
 -- Reginald Todd, chief executive officer, National Community Development Association, Washington.
 -- Raul Yzaguirre, president and chief executive officer, National Council of La Raza, Washington.
 -- Barry Zigas, president, National Low Income Housing Coalition, Washington.
 Fannie Mae, the USA's Housing Partner, is a congressionally chartered, shareholder-owned company and the nation's largest investor in home mortgages.
 -0- 10/22/92
 /CONTACT: Polly Shannon of Fannie Mae, 202-752-7111/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU:


DC -- DC038 -- 3853 10/22/92 16:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 22, 1992
Words:579
Previous Article:LEGG MASON, INC. DECLARES DIVIDEND
Next Article:SECOM GENERAL CORPORATION REPORTS NET LOSS ON HIGHER SALES FOR FISCAL FOURTH QUARTER; FORECASTS PROFITABLE FISCAL 1993


Related Articles
NCLR AND FANNIE MAE ANNOUNCE PARTNERSHIP; $20 MILLION PILOT PLAN TO INCREASE HOMEOWNERSHIP FOR HISPANIC FAMILIES
CALIFORNIA ASSOCIATION OF REALTORS PRESIDENT PAT NEAL NAMED TO FANNIE MAE NATIONAL ADVISORY COUNCIL
FANNIE MAE MAKES UNDERWRITING GUIDELINES MORE CLEAR AND FLEXIBLE TO HELP MORE FAMILIES ACHIEVE HOMEOWNERSHIP
Housing America's cities.
STEPHEN B. ASHLEY NOMINATED TO FANNIE MAE BOARD OF DIRECTORS
BARNETT MORTGAGE COMPANY CEO, FRANCIS SEABROOK NAMED TO FANNIE MAE NATIONAL ADVISORY COUNCIL
FANNIE MAE GUIDELINES TO COMBAT PREDATORY LENDING.
Harvard University Names 22 Community Leaders as Fannie Mae Foundation Fellows; Fellows From Across the Country to Attend Harvard's Kennedy School.
Fannie Mae Names New Members to its National Advisory Council.
Fannie Mae Elects Finance Veteran and Affordable Housing Leader Frederick B. Harvey III to Board of Directors.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters