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WASHIGNTON, DC-A week from today, Tuesday, July 17, at 4 p.m., interested parties are invited to participate or listen to a live conference call to discuss the second quarter earnings of the nation’s largest source of financing for home mortgages. Fannie Mae will report its earnings and also provide an audio Webcast of the conference call on its site, www.fanniemae.com.

The Webcast will be a replay of the live call. It will be on the site for two weeks starting at 7 p.m. on Tuesday, July 17–the day of the conference call.

In the first quarter, Fannie Mae reported operating net income of $1.238 billion, a 16.6% increase compared with the first quarter of 2000. The company also reported operating earnings per diluted common share of $1.20 were 17.6% above the same period in 2000.

At the time of the first quarter results, Franklin D. Raines, Fannie Mae’s chairman and chief executive officer, had said, “At a time when many companies are reporting disappointing results, Fannie Mae continues to meet or exceed performance expectations.” He added that Fannie Mae’s access to the international capital markets enabled the company to commit to purchase record amounts of mortgages during the first quarter.

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