Freddie Mac announces J.P. Morgan as financial adviser

Freddie Mac has hired J.P. Morgan as a financial adviser to help facilitate the company’s recapitalization and exit from conservatorship.

The announcement comes following a competitive request for proposal (RFP) process the company announced in May.

“We are extremely pleased and excited to announce this critical hire, which marks a major step toward our company’s exit from conservatorship,” said David Brickman, Freddie Mac CEO. “We look forward to working with J.P. Morgan to continue meeting the milestones necessary to begin our new chapter as soon as possible. At the same time, our focus on supporting borrowers, renters and lenders in the face of COVID-19 is stronger than ever.”

J.P. Morgan will provide strategic counsel and perform a range of tasks to help facilitate Freddie Mac’s exit from conservatorship, including advice and assistance on valuation analysis, consideration of potential capital structures and assessment of capital-raising altern