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Fannie and Freddie hire financial advisers on government exit

WASHINGTON, June 15 (Reuters) - Housing finance giants Fannie Mae and Freddie Mac announced on Monday they had hired Morgan Stanley and JPMorgan Chase , respectively, as financial advisers on any potential plan to exit government control.

The hires serve as a major next step for the pair, as the Trump administration endeavors to remove the two from a decade-long government lifeline. Morgan Stanley and JPMorgan will advise the companies on business and capital structures, as well as ways to raise potentially billions of dollars in capital. (Reporting by Pete Schroeder; Editing by Leslie Adler)