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PR Contacts |
| Janis Smith |
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Phone: (202) 752-6673 |
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Cellular: (202) 255-9114 |
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May 31, 2007
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Statement by Stephen B. Ashley, Chairman of the Fannie Mae Board of Directors
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On the United States District Court for the District of Columbia's Dismissal of the Plaintiff's Claims in the First Amended Consolidated Verified Shareholders' Derivative Complaint
We are pleased that the Court found that the Board of Directors acted responsibly, and was fully able to act independently to protect and make decisions on behalf of the company and was not compromised by any self interest.
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Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.
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Fannie Mae Resource Center |
Telephone 1-800-7FANNIE
(1-800-732-6643) |
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