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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

Treasury Considers Plan to Stem Home-Price Decline - 8 hours ago - WASHINGTON The Treasury Department is considering a plan to revitalize the U.S. housing market by reducing mortgage rates for new home loans, according to people familiar with the matter. Henry Paulson The plan, which is in the 0133 : Wall Street Journal

US working on affordable mortgage plan - sources - 49 minutes 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

Treasury May Seek to Cut Mortgage Rates Report - 8 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

Financial industry pushes for lower mortgage rates - 1 hour ago - WASHINGTON Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year 0133 : Charleston Gazette

Capital One to Acquire Chevy Chase Bank - 2 hours 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

UPDATE 1-US working on affordable mortgage plan-sources - 7 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 a 30-year mortgage by making fresh investments in those assets, sources familiar with the plan 0133 : Reuters

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