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Citi supports plan to let bankruptcy judges alter 0133 - 6 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

Investors buy 558 million in mortgages from FDIC - 3 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

Rove falsely asserted that Frank called Bush's Fannie, Freddie 0133 - 3 hours ago - Summary In his Wall Street Journal column, Karl Rove falsely claimed that Rep. Barney Frank labeled President George W. Bush's proposals for reform of Fannie Mae and Freddie Mac as inane. In fact, Frank's remark came in response to 0133 : Media Matters

Obama Congress must act boldly and now on economy - 1 hour ago - WASHINGTON -President-elect Barack Obama implored Congress on Thursday to act boldly and act now to fix an economy growing perilously weaker. Leading lawmakers set an informal goal of mid-February for enacting tax cuts and government 0133 : AOL

Fitch cuts GMAC rating to Restricted Default - 5 hours ago - NEW YORK AP - 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 0133 : MSN MoneyCentral

Citi reaches deal with lawmakers on home loans - 1 hour 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 agrees to deal on restructuring U.S. home loans - 2 hours ago - WASHINGTON Leading congressional Democrats said Thursday that they hoped an agreement with a major mortgage lender would ease opposition to a plan to let bankruptcy judges restructure home loans, a change they said was crucial to reviving 0133 : International Herald Tribune

Citigroup backs Congress plan on home loans lawmakers - 4 hours ago - Congressional leaders said Thursday they have reached agreement with Citigroup on legislation to provide relief to cash-strapped homeowners at risk of losing their homes. Lawmakers want to include the legislation, which would allow 0133 : Raw Story