On Fannie Mae Co. & Communications

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Number of messages in the thread: 1

1. Date: 2008-10-04 20:41:51
Subject: On Fannie Mae Co. & Communications
From: "Elle" <h...@g...com> Search message by this author

"We didn't really know what we were buying," said Marc Gott,
a former director in Fannie's loan servicing department.
"This system was designed for plain vanilla loans, and we
were trying to push chocolate sundaes through the gears."

Evidently Fannie Mae execs struggled not only with the
concept of prudent lending but also with simpler concepts
like ice cream, gears, mixed metaphors and good
communications.

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