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Article: FANNIE MAE CHAIRMAN JIM JOHNSON SAYS $1 TRILLION COMMITMENT IS ON TARGET AND IS TRANSFORMING FANNIE MAE AND THE AMERICAN MORTGAGE FINANCE INDUSTRY
- Article from:
- PR Newswire
- Article date:
- March 15, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, March 15 /PRNewswire/ -- Fannie Mae (NYSE: FNM) Chairman and Chief Executive Officer James A. Johnson said today that the commitment the company made two years ago to provide $1 trillion in targeted home lending by the end of the decade has changed the way Fannie Mae does business, and said the company is living up to its goal of transforming the mortgage industry.
"We are on course to meet the $1 trillion target we set in March 1994, we're ahead of schedule on the 11 initiatives put in place to carry out the commitment, and our efforts already have fundamentally transformed how millions of American families now gain access to the mortgage credit system," ...