WASHINGTON — Mortgage giants Fannie Mae and Freddie Mac said they had hired major Wall Street firms to advise them on raising fresh capital as they move to exit government control.
On Monday, Fannie said it had tapped Morgan Stanley
MS,
, and Freddie said it had hired JPMorgan Chase & Co.
JPM,
The moves are the latest in the yearslong effort to return the mortgage companies to private ownership after they were bailed out by the government during the financial crisis.
Source : MTV
