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GAO says Fed, Treasury have authority to rescue 0133 - 2 hours ago - The Government Accountability Office, Congress' investigative arm and watchdog, said the U.S. Federal Reserve and the U.S. Treasury have the authority to bail-out the Big Three automakers, marketwatch.com reported Thursday. Gene Dodaro, 0133 : Bloggingstocks.com

UAW backs concessions - 2 hours ago - DETROIT - Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Big Three, including all but 0133 : Cincinnati.com

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

4.5-percent mortgages? Feds mull it over - 6 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

CDOs a thing of the past MBS market needs fix-Fed - 51 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 : Reuters

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 More action needed to cut home foreclosures - 4 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

Mortgage rates drop to lowest level since January - 43 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