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Fannie Mae adapts to private role with rapid gains
After converting from a government agency to a private corporation in 1968 Fannie Mae expands operations and finances. It funds $6-8 billion yearly into the mortgage market, pursues non profit hospital mortgages, cuts costs, centralizes operations, and plans new debt issues to sustain liquidity while eyeing broader housing finance roles.
MENTIONED IN THIS ARTICLE
Fannie Mae
Federal National Mortgage Assny
Congress
Post Office
Treasury
Federal Housing Administration
McKinsey & Co
Raymond H. Lapin
Lapin
FHA
General Services Administration
Fannnie Mae
Government
National Mortgage Assn
Ginnie Mae
Veterans Administration
Washington
First National City Bank of New York