| Title: | Heads of Federal Housing Finance Agency, Fannie Mae and Freddie Mac to Speak at MBA Annual Convention in San Francisco |
| Source: | MBA |
| Date: | 9/24/2008 |
Washington, D.C. (September 24, 2008) - The Mortgage Bankers Association (MBA) today announced that the Honorable James Lockhart, III, director of the Federal Housing
Finance Agency (FHFA), David M. Moffett, chief executive officer of Freddie Mac and Herbert M. Allison Jr., president and
chief executive of Fannie Mae, will headline MBA's Annual Convention & Expo in San Francisco. During the opening general
session and MBA's annual business meeting on Monday, October 20, Lockhart, Moffett and Allison will discuss their plans and
strategy for navigating the GSEs through the current market turmoil and both organizations' roles on the mortgage market moving
forward.
"MBA is beyond thrilled to bring together three of the most prominent GSE figures for a frank and candid discussion focusing
on what Fannie Mae and Freddie Mac are facing and what the future holds for the two government-backed organizations that guarantee
nearly half of the nation's mortgages," said John A. Courson, MBA's Chief Operating Officer. "This discussion couldn't be
more timely or relevant for MBA's members and the broader financial industry and I look forward to arming MBA's Annual Convention
attendees with pertinent information that will keep them on the cusp of the latest happenings within the industry and GSE
world."
This will be one of the first times Lockhart, Moffett and Allison will appear together publicly to discuss issues related
to the GSEs since the U.S. Treasury's historic action in August to put Fannie Mae and Freddie Mac into conservatorship.
To learn more about these top officials and MBA's Annual Convention and Expo go to http://events.mortgagebankers.org/95th_annual/default.html. For media registration, please contact Melissa Key in MBA's press office at (202) 557-2799 or mkey@mortgagebankers.org.
All convention events are open to the media, with the exception of MBA committee meetings, correspondent meetings and board
meetings. Members of the press are responsible for their own housing arrangements. For the latest schedule of events and
hotel accommodations, visit MBA's 95th Annual Convention and Expo's Web site.
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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry
that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the
association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand
homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and
fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety
of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies,
mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending
field. For additional information, visit MBA's Web site: www.mortgagebankers.org.