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U.S. Treasury says eyeing several housing programs - 2 hours ago - CHICAGO, Dec 4 Reuters - Lowering U.S. mortgage rates through a program relying on Fannie Mae and Freddie Mac is just one of several options the U.S. Treasury is considering to support housing, a senior Treasury official said on Thursday. 0133 : Reuters

UAW to suspend controversial jobs bank - 5 hours ago - DETROIT Local leaders of the United Auto Workers agreed to suspend the program where laid-off workers can get up to 95 percent of their wages and benefits, a concept that came to symbolize the stereotype of overpaid, underworked factory 0133 : Charleston Daily Mail

Treasury weighs plan to rescue housing sector report - 1 hour ago - The US Treasury Department is considering a plan designed to push down interest rates for home loans in a bid to revive the country's troubled housing sector, newspapers reported Thursday. Both the Wall Street Journal and the Washington 0133 : Raw Story

Countrywide to refund 11.5 M to NC borrowers - 3 hours ago - RALEIGH, N.C. Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than 11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the state banking commissioner said Thursday. 0133 : Daily Advance

Bernanke More action needed to cut home foreclosures - 2 hours ago - Federal Reserve Chairman Ben Bernanke speaks today on housing and housing finance at the Federal Reserve in Washington. Jose Luis Magana THE ASSOCIATED PRESS Buy this Photo WASHINGTON Federal Reserve Chairman Ben Bernanke called on the 0133 : Quad-Cities Times

Treasury may be considering mortgage help - 7 hours ago - WASHINGTON, Dec. 4 UPI The U.S. Treasury Department is considering direct intervention in the mortgage industry to drive down costs and lift the market, officials said. Under the plan, the department would offer to buy securities used 0133 : United Press International

Government plans interest sops to ease home loans - 11/28/2008 - The proposal will also include providing loans at below market rates to real estate developers. But the loan disbursed under this will come with a number of conditions like an upper ceiling on selling price of flats and individual homes. 0133 : Business Standard

FDIC's Bair warns investors fighting loan changes - 2 hours ago - WASHINGTON - Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a backlash from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the 0133 : Philadelphia Inquirer