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Lawmakers Reach Deal With Citigroup 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 : 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 pushes stimulus, warns on recession - 1 hour ago - WASHINGTON Reuters - President-elect Barack Obama warned on Thursday the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan. Obama, who 0133 : Reuters India

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

Is Chrysler a lost cause? - 5 hours ago - DETROIT - Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an 0133 : Record Searchlight

Citi reaches deal with lawmakers on home loans - 3 hours 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 backs Congress plan on home loans lawmakers - 6 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

Citigroup nears compromise on some home loans - 10 hours ago - WASHINGTON - Citigroup Inc. is in advanced talks with legislators 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 : News1130.com