Hiring help to sort out the future of mortgage giants Fannie and Freddie is an important step, but not quite the hard part. telisdemos explains why. WSJWhatsNow
Awarding a potential $45 million advisory contract to help the U.S. government sort out the future of housing giants Fannie Mae and Freddie Mac is a major event—for Houlihan Lokey, the investment bank that won the work.
Far thornier tasks lie ahead, especially from a future investor’s point of view. That isn’t to say the move isn’t a meaningful marker of the Federal Housing Finance Agency’s brisk pace in creating momentum for Fannie and Freddie’s potential recapitalization and release to public markets.
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