ADVISORY/CitiMortgage and Fannie Mae Announce New Multibillion Dollar Affordable Mortgage Lending Partnership to Help Washington, DC and Baltimore Families Become Homeowners

Business Wire, Sept 19, 2000

Assignment Editors

ADVISORY... for Thursday (Sept. 21)

--(BUSINESS WIRE)

WHEN: Thursday, September 21, 2000
      12:00 noon

WHO:  Eric Price
      Deputy Mayor, Economic Development, Washington, DC

      Steve Stein
      Executive Vice President, CitiMortgage, Inc.

      Adolfo Marzol
      Executive Vice President and Chief Credit Officer, Fannie Mae

      Linda Cropp
      Chairperson, DC City Council

      Charlene Drew Jarvis                        Vincent Orange
      DC City Council                             DC City Council

      Jack Evans                                  Jim Graham
      DC City Council                             DC City Council

      The Swift Family and The Bonilla Family
      Homeowners
WHAT: CitiMortgage and Fannie Mae (NYSE:FNM), the nation's largest source of
financing for home mortgages, will announce a new multibillion partnership to
provide affordable mortgage lending to Washington, DC and the Baltimore
metropolitan area families. Thousands of low- and moderate-income, minority,
new immigrant, and other underserved families in these cities will benefit from
the partnership. WHERE: Shiloh Baptist Church, Heritage Hall 1500 Ninth Street,
NW Washington, DC

Fannie Mae is a New York Stock Exchange company and the largest non-bank financial services company in the world. It operates pursuant to a federal charter and is the nation's largest source of financing for home mortgages. Over the past 31 years, Fannie Mae has provided nearly $2.9 trillion of mortgage financing for over 35 million families.

More information about Fannie Mae can be found on the Internet at http://www.fanniemae.com.