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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 ...

Mortgage plan shows increased gov't role - Associated Press
WASHINGTON (AP) -- If you're looking for a mortgage, Uncle Sam may be the only game in town. The government has already increased its share of the mortgage market to around 90 percent from around 55 percent last year as Wall Street licks its wounds ...

Lower Rates Help Sell Houses, but Market Faces Broader Ills - Wall Street Journal
A possible move by the Treasury Department to push down mortgage rates has raised the hopes of home buyers, real-estate agents and economists -- and the share prices of residential builders and related businesses. But the proposal, if implemented as ...

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 ...

Lower mortgage rates no silver bullet - CNN Money
NEW YORK (CNNMoney.com) -- Reducing mortgage rates to a historically low 4.5% may entice some home buyers out of the shadows, but it won't be enough to really spur housing sales, experts said. Only a week after the Federal Reserve unveiled a $600 ...

Washington's new tack: Helping homeowners - International Herald Tribune
WASHINGTON : After pouring vast amounts of money into financial institutions of almost every type, and having little to show for it, the Bush administration and the Federal Reserve are suddenly taking a new look at ordinary homeowners. Ben Bernanke ...

Bailout Efforts Now Focus On Main Street, Not Banks - CNBC
Attention Santa Claus: The financial bailout has a new address—It's Main Street, not Wall Street. Having thrown trillions of dollars at Wall Street and the financial sector, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson now appear ...

Unemployment remains low - Jonesboro Sun
JONESBORO — Despite reports that a national recession has plagued the U.S. economy since late 2007, Northeast Arkansas’ unemployment numbers remained low through October. Jonesboro’s rate of 4.4 percent was one-tenth of a percent lower than it ...

U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, sending yields to record lows, as a report showed U.S. manufacturing contracted in November at the fastest pace in 26 years. The yields on two-, 10-, and 30-year securities fell to record lows as global stock ...

A wealth of ideas for Obama's stimulus program - Los Angeles Times
In three news conferences last week, President-elect Barack Obama began to outline an economic stimulus and recovery program involving public works, tax breaks and new federal funding for energy research. The planned initiatives provided a spark of ...



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