Message-ID: <12294711.1075841188533.JavaMail.evans@thyme> Date: Mon, 7 Jan 2002 11:28:50 -0800 (PST) From: a..martin@enron.com To: lynemartin@msn.com Subject: RE: Pay Statement Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Martin, Thomas A. X-To: '"Lyne Martin" @ENRON' X-cc: X-bcc: X-Folder: \ExMerge - Martin, Thomas A.\Sent Items X-Origin: MARTIN-T X-FileName: tom martin 6-25-02.PST I have it in my briefcase, I just forgot to get it out. Another slow day s= o far. I checked on the internet today about FannieMae and GinnieMae per Lisa's co= mments the other day. I learned that GinnieMae is a government owned compa= ny that buys and sells mortgages for HUD and FHA loans. They are basically= the financing vehicle for these low income housing loans. FannieMae basic= ally does the same thing but is a non-government owned company (used to be = government owned in 1967). Both entities have had a history of financing t= he rebuilding of rundown urban areas in cities accross the country. So Lis= a's friend/relative used these entities in the correct way but who knows if= there is any truth to their future involvement in our area. Based on some= of the stories I read they tend to focus on really bad areas. My guess is= that on an individual house perspective these two entities provide a mecha= nism to resale low income housing mortages in the secondary market. So to = the extent there are HUD or FHA loans in our neighborhood they are probably= involved in the ultimate financing of these loans but that is it. I had n= o idea what these two entities did, kind of interesting. Tom -----Original Message----- From: =09"Lyne Martin" @ENRON =20 Sent:=09Monday, January 07, 2002 10:45 AM To:=09Martin, Thomas A. Subject:=09Pay Statement Don't forget to run off your pay statement for 12/31/01. We also need 12/1= 5/01. =20 Lyne