Former Fanny Mae chairman to address St. Lucia Chamber luncheon

By St. Lucia Chamber of Commerce, Industry and Agriculture

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Egbert Perry

(PRESS RELEASE) — The grand finale to the upcoming Chamber Investment Symposium, “Alternative and Innovative Investment and Financing Options”, will be delivered by Mr. Egbert Perry, former chairman of Fannie Mae, on Wednesday, May 22, 2019 from 1:30 p.m. at the Harbor Club Hotel, Rodney Bay.

Fannie Mae is the Federal National Mortgage Association, sponsored by the US government and founded in 1938 by Congress. It was established to stimulate the housing market by making more mortgages available to moderate to low-income borrowers.

The corporation has as its purpose of expanding the secondary mortgage market by securitizing mortgage loans in the form of mortgage-backed securities, allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market.

Mr. Perry is an Antiguan by birth and now heads the Atlanta-based firm, the Integral Group, executing one of the largest development projects in Atlanta currently.

Mr. Perry will be speaking on the subject of “Challenging Conventional Wisdom on Economic Development”, exploring his views on the importance of developing the economy using differential thinking but based on sound economic business principles and investment, financing instruments with nationals playing a leading role.

The Chamber invites the business community to join in an engaging and thought-provoking day, which will conclude with a powerful presentation by Mr. Perry.

If one is challenged to spend the entire day, one can join the Executive Luncheon presentation and be part of a riveting, informative and eye-opening presentation by Perry’s presentation.

Bank of Saint Lucia Investment Services, Invest St. Lucia and First Citizens Investment Services are co- sponsors of this event.

The Chamber encourages St. Lucians to take advantage of this informative presentation. To register please contact the Chamber Secretariat at 452-3165 or email us at [email protected]

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4 comments

  1. Fannie Mae ??? the US housing Investment who people lost there Houses ? I better change my bank if local banks trusting this people.

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  2. Chosen generation

    Bible in a Year
    May 15

    New Testament Verse of the Day:

    And my message and my preaching were very plain. Rather than using clever and persuasive speeches, I relied only on the power of the Holy Spirit.
    –1 Corinthians 2:4

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  3. i bet this guy was present during the great housing collapse in 2008.

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    • LOL oh you know. They and their little Round Robin playing it up that only caters to few with Comrade News spinning it like ITS A BIG DEAL MAJOR WORK IS IN PROGRESS yeah right only who you can fool and St Lucians not stupid anymore the images in the pictures does not reflect the reality on the ground. They need to stop stiffing up their lips and look to ganja as a viable economic source and how we could reap our rewards from marketing licensing and cultivation. Millionaires drooling over the Caribbean looking to invest this would provide real trickle down economics but our politicians stiffing up their lips so that poor people wont live like them live beneath me NOT LIKE ME.

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