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.

Source: Wall Street Journal February 04, 2020 17:08 UTC