Fannie Mae expects administrative expenses in 2002 to increase at a mid- to high-teens rate mostly because of an initiative begun last year to upgrade its technology infrastructure. Timothy Howard, executive vice president and chief financial officer, said in releasing the company’s 2001 financial performance statement that Fannie Mae’s guidance for 2002 earnings per share growth reflected the impact of higher-than-normal administrative costs related to this technology project. The project is aimed at