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Detroit Executives Face Skeptical Senators - 2 hours ago - Executives of the Big Three U.S. automakers returned to Capitol Hill today to seek as much as 38 billion in federal loans to help them survive the current economic recession and restore a key component of American manufacturing to 0133 : Washington Post

UAW to suspend maligned 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 : Detroit News

Chrysler Nov. US sales drop 47 pct GM down 41 pct - 1 day ago - Ford Motor Co F Stock Quote , Chart , News , Add to Watchlist NEW YORK AP - Chrysler says its November U.S. sales plunged 47 percent, blaming a slumping industrywide demand and a planned drop in fleet sales. The drop announced Tuesday 0133 : MSN MoneyCentral

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

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

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 : Washington Post

Low rates breathe life into mortgage market - 7 hours ago - A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended 0133 : Columbus Dispatch