Upside/Downside: Fannie and Freddie Takeover Good News For Homebuyers

Friday, September 12, 2008
Topics: Economy
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This week Wall Street has been digesting the government takeover of Fannie Mae and Freddie Mac, two of the nation's largest mortage buyers. It's an event the New York Times describes as seismic and it sent mortgage rates lower at their fastest clip in decades. ideastream®'s Eric Wellman spoke with Roy Brooks, a professor of finance at John Carroll University about the likely impact on Ohio.