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Treasury Eyes Plans to Lower Mortgage Rates - 7 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

Holiday outlook of Fed is bleak - 1 hour ago - The country's economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back production. The Federal Reserve 's new snapshot of business 0133 : The Washington Times

US working on affordable mortgage plan - sources - 1 hour ago - WASHINGTON 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 with the 0133 : Reuters India

U.S. Eyes Plan to Lift Home Sales - 4 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. home market that would push down interest rates for loans to purchase a home, according to people familiar with the matter. The plan, which is in the 0133 : Wall Street Journal

Fixed-rate trap snares 43,000 home owners - 7 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

How and why mortgage fraud is growing - 8 hours ago - With the number of home loans shrinking because of the subprime meltdown and resulting tight credit, logic says mortgage fraud would be declining. But a report this week by the Mortgage Asset Research Institute, of Reston, Va., showed fraud 0133 : Philiy.com

Asian stocks rise despite more grim news - 2 hours 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

SEC curbs conflicts at ratings firms - 2 hours ago - WASHINGTON - The Securities and Exchange Commission, responding to criticism that Moody's Investors Service and Standard Poor's contributed to the financial crisis, voted to reduce conflicts at credit-rating companies. SEC commissioners 0133 : Boston Globe