events this fall have opened the window for non-agency lenders to regain any multifamily market position they can. Banks and private sector are swirling like vultures around Freddie.
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Jamie Dimon doesn’t want Freddie Mac if it’s filled with the same leadership and employees that went through the conservatorship. They need new employees with new thinking because privatizations is a whole new ball game
These are very political layoffs and buyouts, they are cutting into Freddie Mac so deep that any new owner after we exit conservatorship will be able to restructure it the way they want. The old say goes “sometimes you have to break something more to fix it” any new owner wants a dumbed down senior staff with little push back to restructure. They are clearing house!