Fannie Mae 2003 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2003 Fannie Mae annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 35

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35

17
FANNIE MAE 2003 ANNUAL REPORT
Because of Fannie Mae’s Mission.
Since 1969, Countrywide has been focused on reducing the barriers to home-
ownership and lowering costs for borrowers. Fannie Mae shares this vision,
and together we’re working harder than ever before to make homeownership
accessible to more Americans.
As Mozilo notes, “You can’t quantify
the emotional impact of homeownership
in people’s lives.” So as long as there is a gap
in minority and non-minority homeowner-
ship rates, Fannie Mae and Countrywide
will continue to make sure all Americans
have the chance to realize the dream
of homeownership.
“When we started, we offered one product;
today we offer 180, many designed with
Fannie Mae, to make homeownership more
obtainable for more people. Right now only
50 percent of minority families own homes.
The task for companies like Countrywide is
moving it from 50 percent to 80 percent.
Fannie Mae is invaluable in helping to reach
this goal. Our unifying mission is to close
the gap in minority homeownership.”