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Countrywide to refund 11.5 M to NC borrowers - 1 hour 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 : WCNC

4.5-percent mortgages? Feds mull it over - 4 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

Treasury weighs plan to rescue housing sector report - 4 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

Countrywide to refund 11.5M in N.C. - 3 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 - 2 hours ago - WASHINGTON AP - 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 0133 : WTOP Radio

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

Low rates breathe life into mortgage market - 8 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

Bernanke urges action to halt foreclosures - 1 hour ago - WASHINGTON Reuters - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive action to halt home foreclosures, and said write-downs of principal may need to be part those efforts. Despite good-faith efforts by both the 0133 : Reuters