Up for auction 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.