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Investors buy 558 million in mortgages from FDIC - 7 hours ago - WASHINGTON AP A group of private investors including former executives of Countrywide Financial Corp. has purchased 558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of 0133 : Associated Press

Citigroup, Senators Agree on Bankruptcy Role to Trim Loan 0133 - 3 hours ago - Jan. 9 Bloomberg Citigroup Inc. s agreement to back legislation that lets bankruptcy judges cut mortgage rates for at-risk borrowers drew criticism from bank industry lobbyists who said the compromise with Senate Democrats was flawed 0133 : Bloomberg

Obama team working on overhaul of financial rescue - 41 minutes ago - WASHINGTON Reuters - President-elect Barack Obama's economic team is working on an overhaul the 700 billion financial rescue program with the aim of doing more to spur the flow of credit to the struggling U.S. economy, an Obama aide said 0133 : Reuters

Handling Home Payments Loses Profit Luster as Bad Loans Pile 0133 - 1 hour ago - Jan. 9 Bloomberg Bank of America Corp., GMAC LLC, and WL Ross Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business 0133 : Bloomberg

Citi reaches deal with lawmakers on home loans - 2 hours ago - WASHINGTON Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Boston Globe

Democrats back deal to alter home loans - 6 hours ago - WASHINGTON Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan to 0133 : Baltimore Sun

FHA and VA Loans Are The Right Tool For Home Buyers in 2009 - 48 minutes ago - - San Diego FHA Loans and San Diego VA Loans are more popular then ever. The combination of low Government Loan interest rates, still dropping home prices, and more relaxed loan guidelines, has brought FHA and VA Loans to the top of the 0133 : WebWire

Mortgage options stepped up - 1 hour ago - Washington - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Atlanta Journal Constitution