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Article: Fannie Mae Chief Credit Officer Says Fannie Mae Credit Outlook Remains Excellent.
- Article from:
- Business Wire
- Article date:
- June 14, 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)--June 14, 200
Fannie Mae's Chief Credit Officer, Adolfo Marzol, said that the company's credit outlook remains excellent and that credit costs should have no negative impact on the company's net income growth in 2001.
"Fannie Mae's credit performance continues to be excellent and the company remains optimistic about future credit losses. Although credit could be a serious problem for many financial institutions in 2001, it should not be for Fannie Mae," said Marzol. "The company's credit losses during the second half of 2000 amounted to barely one percent of our total revenues. This equates to a ...