© 2025 New England Public Media

FCC public inspection files:
WGBYWFCRWNNZWNNUWNNZ-FMWNNI

For assistance accessing our public files, please contact hello@nepm.org or call 413-781-2801.
PBS, NPR and local perspective for western Mass.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Treasury Department To Bolster Fannie, Freddie

The federal government Sunday took control of Fannie Mae and Freddie Mac in order to stabilize the housing market and end questions about the firms' finances. The Treasury Department is expected to provide billions of dollars to shore up the beleaguered mortgage giants. It's also placing the companies into conservatorship and replacing their CEOs and boards of directors.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.