Stephen Friedman Resigns From Fannie Mae Board of Directors

December 18, 2002

WASHINGTON, DC -- Stephen Friedman has resigned as a member of the Fannie Mae Board of Directors. President George W. Bush announced last week that Mr. Friedman will be joining his Administration as Assistant to the President for Economic Policy and Director of the National Economic Council.

"Since 1996, Stephen Friedman has been an extraordinary contributor; as a senior member of our Board his insight and thoughtful counsel have been immensely valuable to the company," said Franklin D. Raines, Fannie Mae's Chairman and Chief Executive Officer. "We at Fannie Mae join in congratulating and wishing Steve well on his appointment."

In addition to his service on Fannie Mae's board, Friedman has been a senior principal of Marsh & McLennan Capital, Inc. Mr. Friedman retired as Chairman of Goldman Sachs & Co., an investment banking firm in 1994 after 28 years of service.

Source: Fannie Mae


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. At ALTA SPRINGBOARD, we vow to give you a forum for fresh thinking and new insights, and help accelerate your career and differentiate your business from the pack.