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.
Under President Lyndon B. Johnson, he played a key role as the founder and first leader of the Government National Mortgage Association (GINNIE MAE) and the Federal National Mortgage Association (Fannie Mae), from 1967 to 1969.