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Treasury Weighs Action on Mortgage Rates - 1 hour ago - The Treasury Department is considering a plan to force down mortgage rate and stimulate the housing market, sources said By Steve Helber Associated Press The Treasury Department is strongly considering a plan to intervene directly in 0133 : Washington Post

Ford Nov. sales drop 30 pct., Toyota falls 34 pct. - 1 day ago - NEW YORK AP - Ford says its November U.S. light vehicle sales tumbled 31 percent amid a continued slump in consumer spending and tight credit markets. Toyota's sales fell 34 percent despite its extension of zero-percent financing on a 0133 : WTOP Radio

U.S. Eyes Plan to Lift Home Sales - 5 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. home market that would push down mortgage rates for home loans, according to people familiar with the matter. The plan, which is in the development stage, 0133 : Wall Street Journal

UPDATE 2-US working on affordable mortgage plan-sources - 5 hours ago - WASHINGTON, Dec 3 Reuters - The U.S. Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar 0133 : FXStreet.com

Treasury May Seek to Cut Mortgage Rates Report - 7 hours ago - The Treasury Department may press for a plan to lower mortgage rates on new home loans, according to a report published Wednesday. The Wall Street Journal , citing people with knowledge of the situation, said the plan would use mortgage 0133 : Street.Com

Capital One to Acquire Chevy Chase Bank - 1 hour ago - Capital One , a leading credit card company, plans to announce today that it will buy Chevy Chase Bank , a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. The deal would 0133 : Washington Post

Fed will buy 500 billion in securitized home loans - 11/25/2008 - Mortgage rates plunged after the Federal Reserve announced that it would buy up to 500 billion of securitized home loans. Rates on 30-year, fixed-rate, conforming mortgages fell well below 6 percent after the Fed announced Tuesday morning 0133 : ScrippsNews

Asian stocks rise despite more grim news - 1 hour ago - HONG KONG - Asian markets rose on Thursday on the back of another rally on Wall Street despite more miserable news from the United States showing the world s biggest economy is in for a deep recession. Data released Wednesday showed the 0133 : Khaleej Times