© 2024 Ideastream Public Media

1375 Euclid Avenue, Cleveland, Ohio 44115
(216) 916-6100 | (877) 399-3307

WKSU is a public media service licensed to Kent State University and operated by Ideastream Public Media.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
News
To contact us with news tips, story ideas or other related information, e-mail newsstaff@ideastream.org.

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

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.

Tags