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Replies to post #528540 on Fannie Mae-No Politics (FNMA)
It may be preferable to stagger that process due to
the complexities involved in getting the government-backed
firms, which have different business models, ready for
private ownership, said Mark Calabria, director of the FHFA,
which oversees Fannie Mae, Freddie Mac and the
U.S. housing finance system.
“I’m open to seeing what makes sense...that kind of sequencing
hasn’t been decided, but obviously if you tried to engineer them
both at the same time, you’re depending on more things going
right at the same time,” he said.
“One may be ready before the other, it just depends.”
05/23/19 3:13 PM
“There’s less risk of overwhelming the demand that’s in the marketplace,” he said. “But again if they are both ready to go and you start to hear very large appetite, that this is something that the market could absorb at once, then that changes the dynamic.”
In the event of a staggered privatization, Calabria said he hoped any lag between the entities would not exceed six months.
05/23/19 3:23 PM
05/23/19 3:39 PM
U.S. government could stagger Fannie, Freddie privatization: regulator
05/23/19 5:04 PM
05/24/19 1:31 AM
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