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Citi supports plan to let bankruptcy judges alter 0133 - 5 hours ago - WASHINGTON Financial giant Citigroup C Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said Thursday. Sens. Richard Durbin of Illinois, 0133 : USA Today

Mortgage rates fall to third straight record low - 3 hours ago - WASHINGTON AP Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions 0133 : Associated Press

Obama Congress must act boldly and now on economy - 3 hours ago - President-elect Barack Obama speaks about the economy at George Mason University in Fairfax, Va., Thursday, Jan. 8, 2009. AP Photo Charles Dharapak WASHINGTON - President-elect Barack Obama implored Congress on Thursday to act boldly and 0133 : Quad-Cities Times

Investors buy 558 million in mortgages from FDIC - 1 day 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 : WTOP Radio

Fitch cuts GMAC rating to Restricted Default - 5 hours ago - Fitch Ratings said Thursday it downgraded its issuer default rating for GMAC LLC to Restricted Default from CCC, citing the recent completion of the financing company's bond exchange. The exchange covered about 28.8 billion of 0133 : Forbes

Citi reaches deal with lawmakers on home loans - 46 minutes ago - WASHINGTON AP - 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. The lawmakers urged other lenders to follow suit. The lawmakers aim to 0133 : PR Inside

Citigroup nears compromise on some home loans - 9 hours ago - Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday. Until now, the banking industry has been ardently 0133 : Burlington County Times

Citi nears deal with Congress on home loan change - 7 hours ago - WASHINGTON AP Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday. Until now, the banking industry has 0133 : Bridgeton News