Fannie-Freddie Might Not Sell Shares Until 2022, Watchdog Says

Nov. 13, 2019, 3:33 PMUpdated: Nov. 13, 2019, 7:28 PM

Fannie Mae and Freddie Mac’s regulator said the mortgage giants will likely be ready for public offerings by 2021 or 2022, a key step toward their exits from government control.

Federal Housing Finance Agency Director Mark Calabria, speaking Wednesday at a housing finance policy conference in Washington, said he expects that his agency will have a rule dictating capital requirements in place before Fannie and Freddie go to market. He said they may face a period where they operate under a consent decree in which they technically exit conservatorship but aren’t free of the government’s grip.

“If all ...

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