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NewsWatch: Paulson sends mortgage plan to Congress  Treasury Secretary Henry Paulson presents his historic mortgage rescue plan to Congress and the two sides will meet throughout the day on on the details.

$700-billion Wall Street rescue plan sent to Congress  The bill would grant the Treasury secretary expansive new authority to buy troubled mortgage assets, and would raise the government's debt ceiling to $11.3 trillion. WASHINGTON -- The Bush administration this morning formally asked Congress to grant sweeping new powers to the Treasury secretary to buy as much as $700 billion in deeply troubled mortgage-related assets as part of a herculean ...

Fickle Mortgage Market Demands Quick Decisions  Just about anyone who cares knows that interest rates on a 30-year, fixed-rate mortgage have dropped recently.

Meltdown Ripples Across Hudson  Brokers, developers and analysts in Jersey City said they had reason to be optimistic about the city?s real estate market even after the market downturn.

FACTBOX - Key facts on U.S. Treasury's proposed mortgage fund  Reuters - The Bush administration is proposing sweeping authority for the U.S. Treasury to buy up to $700 billion of mortgage assets, in a bid to end financial carnage on Wall Street.

U.S. readies massive toxic-debt plan  NEW YORK Reuters - The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets.

Reuters Business Summary   U.S. readies massive toxic-debt plan NEW YORK - The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets. The moves cap a week in which financial markets faced their most serious confluence of crises since the Great Depression in the ...

Down-payment demands rise as mortgage rates drop  The government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, but many lenders last week also raised the minimum down payment they'll allow on a loan.

UPDATE: Body found in remote Jersey City area ID'd as missing dirt biker  Police have confirmed that the decomposed body of a man found yesterday in a desolate area of Jersey City is that of a New York man reported missing 11 days ago after riding off on a motorcycle in the area....

Bush administration proposes $700 Billion for Wall Street Bailout  David M. Herszenhorn New York Times News Service WASHINGTON �� The Bush administration on Saturday formally proposed to Congress what could become the largest financial bailout in United States history, requesting virtually unfettered authority for the Treasury to buy up to $700 billion in mortgage-related assets from financial institutions based in the United States.