![](https://investorshub.advfn.com/uicon/360554.png?cb=1655542473)
Monday, June 15, 2020 4:11:34 PM
Selection Marks Important Milestone
PR Newswire
WASHINGTON, June 15, 2020
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200615:nPn8vx0n4a
WASHINGTON, June 15, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that it has hired Morgan Stanley & Co. LLC as underwriting financial advisor to assist in developing and implementing a plan for recapitalizing the company and responsibly ending its conservatorship.
While developing the plan, Morgan Stanley will work closely with Fannie Mae, the Federal Housing Finance Agency (FHFA), and the U.S. Treasury to consider business and capital structures, market impacts and timing, and available capital raising alternatives, among other items.
"Today's announcement marks another important step toward a responsible exit from conservatorship, and we look forward to working with FHFA, Treasury, and Morgan Stanley to chart a strong course forward for Fannie Mae," said Hugh R. Frater, Chief Executive Officer, Fannie Mae. "As we continue to stand behind our partners and support homeowners and renters through today's challenges, we remain focused on ensuring our company is best prepared to serve the market's future needs."
Selecting an underwriting financial advisor is an important milestone in meeting Fannie Mae's 2020 FHFA scorecard objective to prepare a responsible transition plan for a potential exit from conservatorship. Fannie Mae selected Morgan Stanley for its demonstrable qualifications and expertise in managing such complex matters. The support of private capital will contribute to increasing the resiliency of the housing finance system.
About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog
Fannie Mae Newsroom
https://www.fanniemae.com/news
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM