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Article: Fannie Mae Announces Third Step in Implementation of Voluntary Initiatives; Contingency Plan Meets Three Months' Needs Without Access to Debt Markets.
- Article from:
- Business Wire
- Article date:
- March 12, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
WASHINGTON--(BUSINESS WIRE)--March 12, 2001
Fannie Mae (NYSE:FNM), the nation's largest source of financing for home mortgages, today announced that the company had fulfilled the liquidity component of its October 2000 Voluntary Initiatives.
To fulfill the liquidity commitment agreed to in October, Fannie Mae announced today that the company:
-- Has a contingency plan in place to ensure that the company