Bringing The World Home To You

© 2022 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Uncertain Future For Fannie And Freddie

The Fannie Mae headquarters is seen in Washington, Monday, Aug. 8, 2011. (Manuel Balce Ceneta/AP)
The Fannie Mae headquarters is seen in Washington, Monday, Aug. 8, 2011. (Manuel Balce Ceneta/AP)

For the first time since the big housing crash five years ago, it appears that some lawmakers are getting serious about replacing the mortgage giants Fannie Mae and Freddie Mac.

Fannie and Freddie back most of the mortgages in the country. Now, two prominent senators — one a Democrat and one a Republican — have a proposal to phase them out.

NPR’s Chris Arnold explains what this could mean for the future of the housing finance system.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.