Nov. 11 (Bloomberg) -- Joel Naroff, president of Naroff Economic Advisors, talks with Bloomberg's Carol Massar from Philadelphia about Fannie Mae and Freddie Mac's potential plan for a new mortgage modification program and outlook for the U.S. housing market. Fannie and Freddie will reduce principal or interest rates on some loans and extend the terms of others, people briefed on the matter said. ("Morning Call" is seen weekdays on Bloomberg TV. Source: Bloomberg)

00:00 Potential effects of loan modification plan
01:59 Fannie, Freddie; approach to housing crisis

Running time 04:01

Last Updated: November 11, 2008 08:56 EST