Government National Mortgage Association
Nomination of Ronald P. Laurent To Be President.
September 14, 1979

The President today announced that he will nominate Ronald P. Laurent, of Chicago, III., to be President of the Government National Mortgage Association. He would replace John Dalton, who has resigned.

Laurent is senior vice president of McElvain-Reynolds Co., a Chicago mortgage banking firm, where he is in charge of the multifamily government-insured loan division.

He was born May 11, 1937, in Evanston, Ill. He received a B.A. from Fisk University in 1960.

Laurent was with Johnson Publications in Chicago from 1960 to 1961, and was a housing inspector with the Evanston Department of Health from 1962 to 1964. He entered the mortgage banking business in 1964 as a loan officer with Salk, Ward & Salk, Inc.

From 1969 to 1970, Laurent was assistant vice president of Percy Wilson Mortgage and Finance Corp. He joined McElvain-Reynolds Co. in 1970 as vice president, and has been senior vice president since 1972.

Laurent is former president of the Illinois Mortgage Bankers Association and a former lecturer at the Mortgage Bankers Association School of Financing. He served on the HUD Task Force on the Future Role of FHA. He was on the board of directors of the Chicago Committee on Urban Opportunity and was a panel member of the Community Revitalization Clinic, sponsored by the Illinois League of Savings and Loan Associations.