U.S. Markets closed

U.S. housing finance regulator taps Houlihan Lokey as adviser on Fannie, Freddie overhaul

WASHINGTON, Feb 3 (Reuters) - The U.S. housing finance regulator has selected investment bank Houlihan Lokey Capital Inc as its financial adviser for a potential overhaul of Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency said in a statement the firm will help develop "business and capital structures" for the mortgage giants among other responsibilities, and will be paid up to $45 million in fees over 5.5 years. (Reporting by Pete Schroeder Editing by Chris Reese)