Pacific Investment Management Company, one of the world’s largest bond investment firms, said the housing market could be in trouble if Fannie Mae and Freddie Mac’s privatization plan goes forward — and it could lead to another government bailout. In a letter Monday, PIMCO warned that if the Federal Housing Finance Agency’s plan to end government conservatorship of Fannie and Freddie proceeds, “mortgage rates will increase, homeownership will likely suffer, and the national mortgage rate
source https://therealdeal.com/2020/09/03/pimco-warns-of-danger-in-fannie-freddie-privatization/
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