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Kashkari: Treasury considering mortgage rate plan - Associated Press
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 ...

President, first lady buying home in Dallas - Charleston Daily Mail
DALLAS -- President George W. Bush and first lady Laura Bush have bought a home among business leaders and prominent Republican donors in an affluent North Dallas neighborhood, where they will live after the president leaves office in January. Laura ...

Hey, Congress: 'Prepackaged bankruptcy' for automakers is bad idea ... - MLive.com
AP File Photo Flags fly at GM headquarters in Detroit. The fantasy won't die. For some reason, people cling to the idea that General Motors Corp. and Chrysler LLC should just march into bankruptcy court with a pre-packaged deal and wipe away their ...

Home loan troubles break records again - Buffalo News
A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy. The Mortgage ...

President, First Lady Moving to Dallas - AOL
While the White House has declined to disclose the address, local property records indicate that Robert McCleskey, a Bush family friend from Midland who has done accounting work for the family, recently bought an 8,500-square-foot house with a market ...

Bush administration ignored clear warnings - MSNBC
President George W. Bush, center, is flanked by U.S. Treasury Secretary Henry Paulson, right, Federal Reserve Chairman Ben Bernanke, left. SEC Chairman Christopher Cox trails behind. Ford Motor Co. CEO Alan Mulally says he'll work for $1 ...

Washington’s New Tack: Helping Homeowners - The Ledger
Ben S. Bernanke, chairman of the Federal Reserve, warned on Thursday that the soaring number of foreclosures threatened the economy. He then proposed some ideas — government-engineered loan modifications, and more taxpayer money to help people ...

Records show White House refused to stop bad loans long before crash - Newsday
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Sheila Bair's Mortgage Miracle - Wall Street Journal
What do you do if you've spent your career encouraging mortgage loans to people who can't repay them? Barney Frank's answer is to grill federal officials on why they aren't preventing foreclosures. Infuriated at the difficulty of modifying mortgages ...

Economic crisis has led us into uncharted waters - Guardian Unlimited
Will Gordon Brown's latest intervention to stave off home repossessions do much good in the battle to restore economic confidence and stave off deep recession or worse? Will today's expected record cut in interest rates to 2%? I don't know. The ...