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Up for sale a RARE! "Father of the Secondary Mortgage" Raymond Lapin Hand Signed3X5 Card.
ES-4225
Raymond H. "Ray" Lapin (13 February 1919 – 2
April 1986) was an American mortgage banking executive
known as the father of the secondary mortgage market.
He served under President Lyndon B. Johnson as creator and first 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.
