THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT REAPPOINTS MEMBERS TO THE BOARD OF DIRECTORS OF THE FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)
The President today announced his intention to reappoint four members to the Board of Directors of the Federal Home Loan Mortgage Corporation (Freddie Mac). The members are as follows:
Senator Dennis DeConcini of Arizona served as a U.S. Senator from Arizona for 18 years. Prior to government service Sen. DeConcini worked in Arizona as an attorney, managed a commercial real estate corporation, served as a member of the Board of Directors for Greater Arizona Savings, and worked as Administrative Assistant and Special Legal Counsel in the Office of Arizona Gov. Sam Goddard.
Jerry M. Hultin of Ohio is an attorney and partner in the law firm of Warner & Hultin, specializing in commercial transactions and governmental representation. Mr. Hultin is also Chairman and former President of Hultin and Associates, a principal management and financial consulting firm.
James B. Nutter of Missouri is the founder and President of James B. Nutter & Company mortgage bankers. His company, founded in 1951, has a long history of supporting innovative home mortgage programs. Mr. Nutter serves on numerous civic, banking and real estate boards.
Harriet Woods of Missouri is President of the National Women's Political Caucus. She served as Lieutenant Governor of Missouri from 1985 to 1989 and was the first woman ever elected to statewide office in Missouri. As Lieutenant Governor, she created a statewide task force on homelessness and has been a leader in the area of affordable housing.
The Federal Home Loan Mortgage Corporation (Freddie Mac) is a stockholder-owned corporation chartered by Congress in 1970 which supports home ownership and rental housing through the creation and development of a secondary market for residential mortgages. This includes activities related to mortgages for low and moderate-income families. Freddie Mac accomplishes its goals by providing a continuous flow of funds to mortgage lenders.