Fannie Mae and Freddie Mac, the housing-finance companies supported by US taxpayers, should take advantage of demand for government-backed mortgage debt and sell their holdings, according to Pacific Investment Management Co. (Pimco). “Since the government’s going to want to unwind them at some point anyway, why not do it at the best levels ever?” said Scott Simon, the mortgage-bond head at Pimco, manager of the world’s biggest fixed- income fund.
0 minute readPimco says Fannie Mae, Freddie Mac should ‘unwind’ portfolios
June 29, 2010, 1:23pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio