Posted To: Voice of Housing
This week in New York two of my partners, Joe Murin and Brian Montgomery, gave a presentation to a room full of hedge fund managers, private equity portfolio managers and other financial services professionals at a luncheon hosted by Sunrise Securities Corp . The topic: The Role of the Private Equity Market in Restoring the U.S. housing finance industry. The U.S. housing finance industry is like a stool with three legs. One leg is the FHA and Ginnie Mae; the second is Fannie Mae and Freddie Mac – both of which are severely hampered by the circumstances and demands of the current crisis. As a result of their current condition, neither Fannie, Freddie nor FHA or Ginnie Mae likely will be able to demonstrate meaningful leadership as we seek to emerge from the crisis. The third leg is the…(read more)