GSEs Take Another Step Toward End of Conservatorship

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Fannie Mae and Freddie Mac have initiated their request for proposal (RFP) processes to find a financial advisor that will help move the GSEs out of conservatorship.

“Even as we work to stabilize the housing markets during this unprecedented pandemic, Freddie Mac has remained focused on exiting conservatorship responsibly,” says 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,” he adds. “This is a significant milestone, and we look forward to making a thoughtful selection quickly.”

The chosen entities will work with the Federal Housing Finance Agency to advise Fannie and Freddie on issues such as business and capital structures, market impacts and timing, and available capital-raising alternatives. The advisor will also assess the GSEs’ valuations, review its business plans and evaluate regulatory considerations during a transition period.

Photo: David Brickman

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