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Countrywide to refund 11.5M to NC borrowers - 1 hour 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

Treasury weighs plan to rescue housing sector report - 6 hours 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

CDOs a thing of the past MBS market needs fix-Fed - 57 minutes ago - WASHINGTON, Dec 4 Reuters - The market for mortgage securities will return to health only once the contracts and disclosure of those investments are standardized, a senior Federal Reserve Board official said on Thursday. I believe that 0133 : FXStreet.com

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 : 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

Bernanke urges action on foreclosures - 1 hour ago - Ben Bernanke, the US Federal Reserve chairman, urged policymakers on Thursday to boost efforts to stem home foreclosures. Despite good-faith efforts by both the private and public sectors, the foreclosure rate remains too high, with 0133 : Financial Times

Mortgage rates drop to lowest level since January - 49 minutes ago - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average rates on 0133 : BusinessWeek