Administration working on plan to ease mortgage terms (Atlanta Journal-Constitution)
The Bush administration is working behind the scenes with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels amid hints by Fed Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from falling into recession....more...Administration, banks work on loan plan (Minneapolis-St. Paul Star Tribune)
WASHINGTON The Bush administration is working behind the scenes with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels amid hints by Fed Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from falling into recession. Treasury Secretary Henry C. Paulson and other top regulators met Thursday with loan ......more... (CBS/AP) The Bush administration is working with industry on a plan to extend lower, introductory interest rates on ... (WIBW-TV Topeka)
The talks come amid hints from Federal Reserve Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from sliding into a recession....more... Fed Signals Fresh Rate Cut to Calm Markets (NPR)
The Federal Reserve and the Bush administration are trying to reassure investors worried about the worsening crisis in the credit and housing markets, sending strong indications that another rate cut is on the horizon....more... Bush Admin. Working to Aid Subprime Mortgage Holders (Fox News)
The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels; Fed Chairman Ben Bernanke hints at another cut in a key interest rate....more... Paulson Works With Industry on Loan Plan (The Columbian)
WASHINGTON (AP) -- The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels....more... Soft home sales, prices cast economic gloom (Reuters via Yahoo! News)
Soft sales and plunging prices for new homes, together with a surge in claims for new jobless benefits highlighted a slide in U.S. economic activity that forced the Bush administration on Thursday to scale back its estimate for growth in 2008....more... Banks, U.S. Near Deal On Mortgages (NBC 5 Chicago)
The Bush administration is working with the mortgage industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels....more... Press Briefing on the Administration's Economic Forecast by CEA Chairman Ed Lazear (White House News)
CHAIRMAN LAZEAR: Okay, thanks a lot, Tony. Just to give you a brief overview of the forecast. As you know, this is done in coordination with the Council of Economic Advisers, Office of Management and Budget, and Department of Treasury. We do this twice a year. And this is our current update. If we look at the forecast, the main number, kind of the headline number that people tend to focus on the ......more... |