WASHINGTON - American Savings Bank's chairman, Mario Antoci, didn't think his company's $1.4 billion affordable-housing deal with Fannie Mae would go through.

Fannie officials had begun it on a dare. But when they saw what they were getting into, they balked, he recounted over the phone last week.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.