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Lawmakers Reach Deal With Citigroup On Home Loans - 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 : Hartford Courant

Investors buy 558 million in mortgages from FDIC - 5 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

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. Democratic and Republican lawmakers complained about his tax policies, letting Obama know they 0133 : International Herald Tribune

Fitch cuts GMAC rating to Restricted Default - 7 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 - 4 hours ago - 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 : BusinessWeek

Citigroup nears compromise on some home loans - 7 hours ago - WASHINGTON - 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 0133 : Chicago Tribune

Citi reaches deal with lawmakers on altering home loans - 7 hours ago - WASHINGTON A trio of Democratic senators say they have reached a deal with Citigroup on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. The lawmakers aim to attach the plan to President-elect Barack 0133 : San Jose Mercury News

Citi, Lawmakers Reach Deal on Home Loans - 7 hours ago - WASHINGTON Jan. 8 - 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 said they expected other lenders to follow. The lawmakers said 0133 : AOL