Nomination of Mark E. Buchman To Be President of the Government National Mortgage Association

The President today announced his intention to nominate Mark E. Buchman to be president of the Government National Mortgage Association at the Department of Housing and Urban Development. He would succeed Glenn R. Wilson, Jr.

Since 1982 Mr. Buchman has been executive vice president and corporate banking division manager of Union Bank in Los Angeles, CA. Prior to this he was with Manufacturers Hanover Trust Co. in various capacities from 1962 to 1982: senior vice president and deputy general manager of the international division, 1980-1982; senior vice president, 1977-1980; various international positions, 1971-1977; Far Eastern representative in Tokyo, Japan, 1966-1971; and junior officer, 1962-1966.

Mr. Buchman graduated from University of Pennsylvania (B.S, 1959). He served in the United States Navy, 1959-1962. He was born June 19, 1937, in Caldwell, NJ. He is married, has two children, and resides in Los Angeles, CA.