Raymond H. 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 Lyndon Baines Johnson (; August 27, 1908January 22, 1973), also known as LBJ, was the 36th president of the United States, serving from 1963 to 1969. He became president after the assassination of John F. Kennedy, under whom he had served a ...

as creator and first president of the

Government National Mortgage Association The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation of the United States Federal Government within the Department of Housing and Urban Development (HUD). It was founded in 1968 and works to expa ...

(GINNIE MAE) and the

Federal National Mortgage Association The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the Ne ...

(

Fannie Mae The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New ...

) from 1967 to 1969. Lapin earned his bachelor's degree from

University of California at Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a public land-grant research university in Berkeley, California, United States. Founded in 1868 and named after the Anglo-Irish philosopher George Berkele ...

in 1942 and MBA from

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

in 1954. He founded Bankers Mortgage Co. in 1954, which was sold to

Transamerica Corporation Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The ...

in 1963. Because of his connections with Johnson, he made the

master list of Nixon political opponents The master list of Nixon's political opponents was a secret list compiled by US President Richard Nixon's Presidential Counselor Charles Colson. It was an expansion of the original Nixon's Enemies List of 20 key people considered opponents of ...

.Pace, Eric (April 6, 1986)
Raymond H. Lapin, 67, dead; fought Nixon at Fannie Mae.
''

New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'' Lapin died of complications from

heart disease Cardiovascular disease (CVD) is any disease involving the heart or blood vessels. CVDs constitute a class of diseases that includes: coronary artery diseases (e.g. angina pectoris, angina, myocardial infarction, heart attack), heart failure, ...

at Marin General Hospital in

Greenbrae, California Greenbrae is a small Unincorporated area, unincorporated community in Marin County, California, Marin County, California. It is located south-southeast of downtown San Rafael, California, San Rafael, at an elevation of 33 feet (10 m), and adja ...

.Staff report (April 7, 1986). Raymond Lapin, 67, Dies; Set Trends in Mortgages. ''

Los Angeles Times The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...

References

1919 births 1986 deaths American investment bankers Chief executive officers in the real estate industry Financial history of the United States Mortgage industry of the United States Real estate company founders Fannie Mae chief executive officers University of California, Berkeley alumni University of Chicago alumni {{US-CEO-stub