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FG 128 (Federal National Mortgage Association)

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These Presidential historical materials are in the custody of the National Archives and Records Administration under the provisions of Title I of the Presidential Recordings and Materials Preservation Act of 1974 (44 U.S.C. 2111 note), and implementing regulations. In accordance with the act and regulations, archivists reviewed the file group to identify private or personal as well as non-historical items. Such items, if found, have been withdrawn for return to the individual with primary proprietary or commemorative interest in them.

Materials covered by this act have been archivally processed and are described in this finding aid. Items that are security classified or otherwise restricted under the act and regulations have been removed and placed in a closed file. A Document Withdrawal Record (NA Form 14021) has been placed in the front of each folder describing each withdrawn item. Employees of the National Archives will review periodically the unclassified portions of closed materials for the purpose of opening those which no longer require restrictions. Classified documents may be reviewed for declassification under authority of Executive Order 13526 in response to Mandatory Review Request (NA Form 14020) submitted by the researcher.

  • Linear measurement of materials:   2.5 in.
  • Approximate number of pages:   400

Organization Information

The Federal National Mortgage Association (FNMA, also known as "Fannie Mae") was originally chartered on February 10, 1938, pursuant to title III of the National Housing Act (48 Stat. 1246; 12 U.S.C. 1716). Pursuant to title VIII of the Housing and Urban Development Act of 1968 (82 Stat. 536; 12 U.S.C. 1716b), effective September 1, 1968, FNMA was partitioned into two corporations: the Federal National Mortgage Association and the Government National Mortgage Association (GNMA). FNMA continued its privately-financed business-type operations under private ownership. GNMA continued its Government-financed special housing programs under Government ownership. FNMA served primarily as a mortgage market facility, supplementing the secondary market for residential mortgages by providing a degree of liquidity for residential mortgages.

Scope and Content Note

The records consist of correspondence, memorandums, reports, and press releases. Primary correspondents include the President, John D. Ehrlichman, Peter Flanigan, Herbert Klein, Lucius D. Clay, Allan Oakley Hunter, a nd Sherman Unger. Topics include the privatization of FNMA, inner-city housing financing, and appointments to and resignations from FNMA.

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