Raymond Lapin
Encyclopedia
Raymond H. "Ray" Lapin was and American
mortgage banking executive known as the father of the secondary mortgage market
. He served under President Lyndon B. Johnson
as creator and fiurst president of president of the Government National Mortgage Association
(GINNIE MAE) and the Federal National Mortgage Association
(FANNIE MAE) from 1967 to 1969.
Lapin earned his bachelor's degree from University of California at Berkeley in 1942 and MBA from University of Chicago
in 1954. He founded Bankers Mortgage Co. in 1954, which was sold to Transamerica Corporation
in 1963.
Because of his connections with Johnson, he made the master list of Nixon political opponents
.
Lapin died of complications from heart disease
at Marin General Hospital in Greenbrae, California
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
mortgage banking executive known as the father of the secondary mortgage market
Secondary mortgage market
The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans. The mortgage lender, commercial banks, or specialized firm will group together many loans and sell grouped loans as securities called collateralized mortgage obligations ....
. He served under President Lyndon B. Johnson
Lyndon B. Johnson
Lyndon Baines Johnson , often referred to as LBJ, was the 36th President of the United States after his service as the 37th Vice President of the United States...
as creator and fiurst president of president of the Government National Mortgage Association
Government National Mortgage Association
The Government National Mortgage Association , or Ginnie Mae, was established in the United States in 1968 to promote home ownership. As a wholly owned government corporation within the Department of Housing and Urban Development , Ginnie Mae’s mission is to expand affordable housing in the U.S. by...
(GINNIE MAE) and the Federal National Mortgage Association
Federal National Mortgage Association
The Federal National Mortgage Association , commonly known as Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. It is a government-sponsored enterprise , though it has been a publicly traded company since 1968...
(FANNIE MAE) from 1967 to 1969.
Lapin earned his bachelor's degree from University of California at Berkeley in 1942 and MBA from University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
in 1954. He founded Bankers Mortgage Co. in 1954, which was sold to Transamerica Corporation
Transamerica Corporation
Transamerica Corporation is a holding company for various life insurance companies and investment firms doing business primarily in the United States. It was acquired by the Dutch financial services conglomerate AEGON in 1999.-History:...
in 1963.
Because of his connections with Johnson, he made the master list of Nixon political opponents
Master list of Nixon political opponents
A master list of Nixon political opponents was compiled to supplement the original Nixon's Enemies List of 20 key people considered opponents of President Richard Nixon. The master list was compiled by Charles Colson's office and sent in memorandum form to John Dean. Dean later provided this...
.
Lapin died of complications from heart disease
Heart disease
Heart disease, cardiac disease or cardiopathy is an umbrella term for a variety of diseases affecting the heart. , it is the leading cause of death in the United States, England, Canada and Wales, accounting for 25.4% of the total deaths in the United States.-Types:-Coronary heart disease:Coronary...
at Marin General Hospital in Greenbrae, California
Greenbrae, California
Greenbrae is a small community in Marin County, California. It is located south-southeast of downtown San Rafael, at an elevation of 33 feet , located adjacent to U.S. Route 101 at the opening of the Ross Valley. Part of Greenbrae is an unincorporated community of the county while the remaining...
.