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The position is located in Pasadena, CA and, ideally, they are seeking an individual with about 10 years of mortgage banking experience.

Fannie Mae
Vice President, Emerging Markets
Western Regional Office

The Company

Fannie Mae, a private, shareholder-owned company operating under a
federal charter, is America's largest source of mortgage funds. The
third largest corporation in the country based on asset size, $575
billion, Fannie Mae is among the top U.S. companies in terms of
revenues, profits, market value, shareholder equity, and growth in
earnings per share. Fannie Mae also is among the world's largest
e-business corporations in terms of business done online. By raising
funds from U.S. and global investors and dispersing risk on mortgage
assets, Fannie Mae works to keep low-cost capital flowing to mortgage
lenders across the nation, in all communities, under all economic
conditions, at the lowest mortgage rates in the housing finance market.
Driven by a public-spirited mission, Fannie Mae ensures that the
mortgage credit system serves all Americans while it has provided
consistent, double-digit growth in operating earnings per share over the
past 13 years.

In 1994, Fannie Mae committed to provide, by the end of 2000, $1
trillion in targeted finance to ten million American families. Fannie
Mae met its $1 trillion goal eight months early and a new ten-year; $2
trillion "American Dream Commitment" was pledged to increase
homeownership rates and serve 18 million American families.

Fannie Mae's home office is located in Washington, DC. Day-to-day
contact with customers, who are primary mortgage lenders in the United
States, is handled from five regional offices located in Atlanta,
Chicago, Dallas, Pasadena, and Philadelphia. Also, Fannie Mae has more
than 45 partnership offices throughout the United States to serve those
local communities. Overall, Fannie Mae employs around 4000 people.

Fannie Mae's employee compensation and benefits package is among the
finest in the financial services industry. In addition to core benefits
such as medical, dental, and life insurance, Fannie Mae also offers a
wide variety of other benefits. These include three retirement vehicles
(fully paid annuity, ESOP, and matched 401k); employer assisted housing;
employee stock purchase plan; flexible work options; tuition
reimbursement; adoption reimbursement; health screenings; paid leave for
illness, family care, childbirth, and adoption; paid volunteer leave;
and charitable matching gifts. For this position, benefits would also
include an annual bonus plan, stock option grants, financial counseling
assistance, four weeks of paid vacation leave, executive physical,
executive whole life insurance, and a deferred compensation plan.
Fannie Mae was named in the following publications in 2000: Fortune,
"America's Best Companies for Minorities" and "America's Most Admired
Companies"; Internet Week, "Top 100 E-Businesses"; Business Ethics, "One
of the 100 Best Corporate Citizens"; Ebony, "100+ Most Influential
Black Americans"; and Asian Enterprise, "One of the Top 10 Best
Companies for Asian Americans."

Fannie Mae is an equal opportunity employer with a strong commitment to
workforce diversity.

The Position

The Vice President of Emerging Markets is part of the Single Family
Marketing Business Division. This position reports through the Senior
Vice President of Marketing of the Pasadena Office. The primary
responsibilities are developing and implementing complex marketing
strategies, and partnering with New Product Development staff. This
position works closely with lender account management and business and
servicing management to ensure implementation of products that address
the needs of the minority market place - with particular emphasis on
lending to the Hispanic and African American community. National
production goals are achieved through close cooperation and partnership
with customer account management teams and investor channel teams. This
position will have a high level of contact with internal and external
partners; representing Fannie Mae to the mortgage finance industry,
particularly production and new product development management, key
Hispanic and African American professionals in profit and non-profit
institutions, and affordable housing developers. Travel is required 40%
of the time.

The Candidate

The ideal candidate will have a MBA and at least ten years mortgage
banking experience. Candidate must have significant experience in
secondary marketing and a thorough knowledge of mortgage practices
including risk management, loan origination, automated underwriting,
closing, funding, hedging, servicing, and investor reporting. Previous
experience in new product development and capital markets is strongly
desired. Candidate bilingual in English and Spanish is strongly

The candidate will demonstrate the ability to intimately understand and
communicate the essential drivers of the Emerging Markets with
particular emphasis on markets with high Hispanic and African American

The candidate must demonstrate the ability to successfully manage and
develop a diverse group of senior level, highly experienced staff. This
person must demonstrate strong strategic marketing and customer
relationship skills. The individual will be an independent thinker with
a proven ability to bring creative, pragmatic solutions. Political
savvy and consensus building skills are critical. Exceptional business
judgement, financial analysis, and communication skills are fundamental
to the success of this position.

If you are interested in the position, or if you are aware of any strong diversity candidates who may fit the profile, please contact Jim Hollister at

Onward and Upward!

[This message was edited by MBM on July 11, 2002 at 07:29 AM.]


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