Thursday , 24 October 2019

FHFA Seeks Help in Recapitalizing Fannie/Freddie; Record Jumbo Credit; Rates Back at Lows

Wow, maybe they really mean it this time. The Federal Housing Finance Agency (FHFA) has issued a request for proposals from contractors who would develop a “roadmap” for recapitalizing the government sponsored enterprises (GSEs) as a prelude to releasing them from conservatorship . According to the request’s statement of work, the contractor will be expected to “provide financial institutions, capital markets and restructuring expertise, analysis, and advisory services regarding the preparation of the Roadmap for recapitalizing the GSEs (Phase I) and, if necessary, the implementation and on-going monitoring of the Roadmap (Phase II). FHFA, which has acted as conservator of the two GSEs, Fannie Mae and Freddie Mac, since August 2008, says it is issuing the request pursuant to the Housing Finance

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