Federal National Mortgage Association Appointment of Five Members of the Board of Directors.

The President today announced the appointment of five persons as members of the Board of Directors of the Federal National Mortgage Association (FNMA). They are:

DARRALYN C. BOWERS, of Detroit, executive vice president of Bowers Realty. She is chairman of the Black Caucus of the National Association of Realtors and serves on the Detroit Civic Center Commission and the Faculty of Realtors, National Marketing Institute Division of the National Association of Realtors.

MARVIN S. GILMAN, of Wilmington, Del., executive vice president of Leon N. Weiner & Associates and an associate professor of urban affairs and public policy at the University of Delaware. Gilman is active in the National Association of Home Builders and has served on the board of the National Committee against Discrimination in Housing. He has been on the FNMA board since 1977.

HENRY A. HUBSCHMAN, of Washington, D.C., an attorney with the Washington firm of Fried, Frank, Harris, Shriver & Kampelman. He was previously executive assistant to then-Secretary of Housing and Urban Development Patricia Roberts Harris. Hubschman has served on the FNMA board since 1979.

RAYMOND H. LAPIN, of Sausalito, Calif., president and chairman of the board of R. H. Lapin Co., of San Francisco, a mortgage finance firm. He served as first President and Chairman of the Board of FNMA and presided over the semi-privatization of FNMA in 1968. He also served as President of the Government National Mortgage Association in 1968.

ROBERT H. McKINNEY, of Indianapolis, an attorney and chairman of the First Federal Savings and Loan Association of Indianapolis. He is chairman and chief executive officer of Jefferson Corporation and a number of its subsidiaries. McKinney was Chairman of the Federal Home Loan Bank Board from 1977 to 1979.