16.12.2002: Meldung: Fannie Mae: Michele Davis Vice President

Fannie Mae Names Michele Davis as Vice President for Regulatory Policy

WASHINGTON-- Dec. 13, 2002--Fannie Mae (NYSE:FNM - News), the nation"s largest source of financing for home mortgages, has named Michele Davis as Vice President for Regulatory Policy. Davis will be the senior executive responsible for the company"s public policy development and advocacy on the full range of issues related to housing mortgage finance and the capital markets. Davis will manage key regulatory and public policy projects for the company.

Davis is Assistant Secretary for Public Affairs of the U.S. Department of the Treasury. In that capacity, she was the Department"s chief spokesperson and liaison to the media, business, professional trade organizations, consumer groups and the public. Treasury"s Office of Public Affairs develops and implements communications strategy for the Department and advises officials within the Department and its bureaus how best to communicate issues and priorities of public interest. Davis also oversaw the Office of Public Liaison and the Office of Public Education.

Previously, Davis served as communications director to House Majority Leader Dick Armey (R-TX) from 1997 until January 2001. In this position, Davis served as chief spokesperson for the Majority Leader"s office and as an advisor to the House Republican leadership. Prior to that, Davis served as a top policy aide for the Majority Leader.

Before joining the Majority Leader"s staff, Davis served as an economist with the minority staff of the Joint Economic Committee in Congress. She also worked as an economist with Citizens for a Sound Economy, a free-market advocacy organization.

A native of Louisville, Kentucky, Davis has a Master"s degree in economics from American University and earned her B.S. in Foreign Service from Georgetown University.

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation"s largest source of financing for home mortgages. Fannie Mae is working to shrink the nation"s "homeownership gaps" through a $2 trillion "American Dream Commitment" to increase homeownership rates and serve 18 million targeted American families by the end of the decade. Since 1968, Fannie Mae has provided over $4 trillion of mortgage financing for 47 million families. More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.

Style Usage: Fannie Mae"s Board of Directors has authorized the company to operate as "Fannie Mae," and the company"s stock is now listed on the NYSE as "Fannie Mae." In order to facilitate clarity and avoid confusion, news organizations are asked to refer to the company exclusively as "Fannie Mae."


Fannie Mae
Gwen Moore Holliday, 202/752-1019

Source: Fannie Mae
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