Skip to main content

Freddie Mac Takes Next Step To Exit Conservatorship

NationalMortgageProfessional.com
May 19, 2020
Photo credit: Getty Images/Julia Kuznetsova

Freddie Mac has commenced a request for proposal process to secure a financial advisor that will facilitate the company’s exit from conservatorship. The candidate will advise the company on a range of issues, from capital considerations to the company’s business plan, and may ultimately play a role in any potential recapitalization transactions in the future.
 
Freddie Mac has announced it has commenced a request for proposal (RFP) process to secure a financial advisor “Even as we work to stabilize the housing markets during this unprecedented pandemic, Freddie Mac has remained focused on exiting conservatorship responsibly,” said David Brickman, Freddie Mac’s CEO. “Today, we begin the competitive selection process for a financial advisor that will ultimately facilitate our return to full private capital ownership.”
 
The candidate for the advisor position will provide strategic counsel and perform a range of tasks to facilitate Freddie Mac’s exit from conservatorship, including assessing the company’s valuation, reviewing its business plan, identifying options for raising capital and evaluating regulatory considerations during a transition period.
 
Fannie Mae has also issued a request for proposal to hire an underwriting financial advisor to help lead the GSE out of conservatorship. In February, the FHFA agreed to terms with Houlihan Lokey Capital Inc. to serve as its financial advisor during the process of ending the federal conservatorship of the GSEs.

 
Published
May 19, 2020
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021
Offerpad Expands Into Kansas City, St. Louis

Tech-Enabled Platform For Real Estate Transactions Now In 20 Markets

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To RCKT 2021-4

Includes 1,002 Residential Mortgages With An Aggregate Principal Balance Of $968.4M

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021