as chairman of California's state commission of housing and community development. In January 1970, Hunter was chosen by then-President Richard Nixon to become the chairman of the Federal National Mortgage Association, the nation's largest provider of housing finance. In 1978, tension started to rise between Hunter and Secretary of Housing and Urban Development Patricia Roberts Harris. Harris specifically felt that the organization was too concerned about making money and "too unconcerned with stimulating mortgage lending for low-income housing in the cities." Hunter's resignation was being called for by the Carter White House and by the directors of the company's board. In November 1977, a vote for Hunter's resignation failed by an 8-6 margin. Hunter was eventually replaced by David O. Maxwell as Fannie Mae's chairman and president in 1981. After Maxwell left a $7.56 million yearly salary with Fannie Mae and retired with a $19.6 million pension, Hunter said, "Executive compensation at Fannie Mae has run amok." Hunter himself retired with a $80,000 pension in 1981, and said that he believed that the CEOs of government-backed corporations shouldn't make the million-dollar salaries found in the private sector. Hunter also said in an interview, "I don't think it's justified by any rational standard." Hunter died on May 2, 1995, in a hospital in Bethesda, Maryland, after a heart attack. References External links The Political Graveyard profile for Allan O. Hunter California State University, Fresno alumni University of California, Hastings College of the Law alumni 1916 births 1995 deaths Politicians from Los Angeles Military personnel from California San Francisco Bay Area politicians Republican Party members of the United States House of Representatives from California 20th-century American politicians Fannie Mae chief executive officers United States Navy personnel of World War II