Franklin D. Raines on expanding homeownership as local and national policy

Homeownership is a local and national policy priority. The U.S. Conference of Mayors has placed expansion of affordable housing at the top of its agenda for 2002. And in his 2002 State of the Union address, President George W. Bush called for "broader homeownership, especially among minorities."

~ Franklin D. Raines, chairman and CEO, Fannie Mae, Fannie Mae 2001 Annual Report