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WASHINGTON (AP) -- The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...

Kashkari: Treasury considering mortgage rate plan - Associated Press

Home builders and industry analysts say a proposal to offer federally subsidized mortgage rates as low as 4.5 percent could go a long way toward reviving the Valley's decimated housing market. Mortgage rates have not been that low for more than a ...

Low-rate mortgage plan generates hope - AZCentral.com

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 Federal ...

FDIC's Bair warns investors fighting loan changes - The State

DUMMERSTON, Vt. -- I have written often over the past few years about the house of cards that is the American economy, but the events of the past week should frighten everybody. First, there was the collapse of IndyMac, a California bank deeply ...

On Native Ground - American Reporter

A massive interest rate cut this week has made more than 43,000 home borrowers Australia's biggest losers. The costs of exiting an average fixed rate mortgage jumped to $18,000 because break fees for the loan rise as interest rates fall. Banks charge ...

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