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UPDATE 2-US working on affordable mortgage 0133 - 2 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 Eyes Plans to Lower Mortgage Rates - 4 hours ago - The Treasury Department is considering plans being pushed by trade groups to intervene directly into the mortgage market to dramatically force down rates and stimulate the moribund housing market, according to idustry sources familiar wih 0133 : Washington Post

Knicks set records in 138-125 win over Golden St. - 11/28/2008 - Golden State Warriors' Jamal Crawford, left, greets New York Knicks' Wilson Chandler, center, as teammate David Lee, right, looks on before the first half of an NBA basketball game Saturday, Nov. 29, 2008 at Madison Square Garden in New 0133 : Washington Post

New Star Swaps 354 Million Debt, Banks Get 75 Stake 0133 - 8 hours ago - Dec. 3 Bloomberg New Star Asset Management Plc , the fund manager started by John Duffield in 2000, said lenders will take control after its share price dropped 95 percent in three months. Banks led by HBOS Plc and Lloyds TSB Group Plc 0133 : Bloomberg

U.S. Eyes Plan to Lift Home Sales - 3 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

The New York Times Features VA Mortgage Center.com - 7 hours ago - www.vamortgagecenter.com - VA Mortgage Center.com, a private company specializing in VA loans, recently appeared in a New York Times article for its expert knowledge and advice about VA home loans a niche market that is succeeding albeit 0133 : PR Inside

Fixed-rate trap snares 43,000 home owners - 4 hours ago - Like all gambles there are winners and losers, says Chris Zinn from Choice. MORE than 40,000 unlucky people have been caught out in a fixed mortgage rate trap, having taken out their loan at the highest fixed interest rates in a decade, 0133 : Sydney Morning Herald

U.S. working on affordable mortgage plan sources - 4 hours ago - WASHINGTON Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on a 30-year mortgage by making fresh investments in those assets, sources familiar with the plan said on 0133 : Reuters