RE: Pay Statement

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" <lynemartin@msn.com<@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