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Article: Fannie Mae's Franklin Raines: "We believe in big goals".(Statistical Data Included)
- Article from:
- ABA Banking Journal
- Article date:
- January 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Simmons-Boardman Publishing Corporation. 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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One of them is a tough new affordable housing goal.
The former OMB director talks about market growth and discrimination, and zaps some zingers from Fannie's critics
It seems that mortgage lenders have a new friend at Fannie Mae.
Franklin Raines, who is entering his second year as chairman of the mortgage-company juggernaut, is striving to make Fannie more responsive to the needs of its constituents, lending an open ear to one and all, even to Fannie's bitterest critics.
In the process, Raines and Fannie have each gained a new lease on life. Raines' name recognition has drawn more attention to Fannie. And it's clear that Raines prefers ...