Morgan Stanley To Advise Treasury On Fannie And Freddie

Morgan Stanley says it has been retained by the U.S. Department of the Treasury to provide capital-markets advice to support the Treasury's responsibilities associated with its new authorities regarding Fannie Mae and Freddie Mac. As part of that assignment, Morgan Stanley will support the Treasury's work to promote market stability and the availability of mortgage credit.

The company will accept no fees for this assignment and will receive $95,000 from the government toward its expenses.

Source: Morgan Stanley

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