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Treasury Department Working to Wind Down Fannie and Freddie

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 1:00
  • Date

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-- at Wal-Mart.

I'm Tracy -- -- -- Fox Business -- -- the Treasury Department is stepping up its efforts to wind down government controlled housing giants Fannie Mae and Freddie Mac.

The modification to the preferred stock purchase agreement between the agency.

And the FHFA will replace the 10% dividend payments made to treasury on its investments in the two companies.

Moving forward each dollar profit the company -- we'll be used as a dividend payment to the government.

-- -- safety regulators are investigating the 2012 Nissan Versa due to possible airbag defect.

Now the National Highway Traffic Safety Administration is investigating reports that it damaged cable assembly could cause the air -- not to deploy in a crash.

The probe covers 100000 vs sold in the US.

Defects investigation can lead to -- safety recall.

That's the latest from the Fox Business Network giving you the power to prosper.

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