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Bernanke More Action Needed to Cut Foreclosures - 1 hour ago - Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Federal Reserve Chairman Ben Bernanke speaks on 0133 : ABC News

GM, Chrysler warn they might not survive merger discussed - 1 hour ago - WASHINGTON Detroit's Big Three automakers made a dire request for 34 billion on Capitol Hill Thursday, with General Motors Corp. and Chrysler LLC warning they may not survive without quick help. Automakers got a mixed reception and it 0133 : Detroit News

LeBron not distracted by New York talk - 3 hours ago - Cleveland Cavaliers fans hold up signs about their star player LeBron James before the game with the Knicks on Wednesday. Nov. 21 NBA legend Magic Johnson discusses his transformation from athlete to empire-building businessman with 0133 : NBC Sports

Countrywide to refund 11.5M to NC borrowers - 46 minutes ago - 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. Countrywide Home 0133 : Forbes

4.5-percent mortgages? Feds mull it over - 5 hours ago - WASHINGTON - December 4, 2008 The 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 0133 : WPVI

Countrywide to refund 11.5M in N.C. - 4 hours ago - RALEIGH AP 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 commission said today that 0133 : Greensboro News & Record

FDIC's Bair warns investors fighting loan changes - 1 hour 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 : Miami Herald

Banks are charging us more, no contest - 1 hour ago - Home loan rates are higher now than when official rates were last at 4.25p The RBA cut rates to 4.25pc earlier this week Calculator Compare home loan rates and features BANKS are charging customers significantly more than they were seven 0133 : News.com.au