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Investors snap up mortgages Assets of failed bank 0133 - 14 hours ago - WASHINGTON 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 Nevada, 0133 : Las Vegas Review Journal

Citi supports plan to let bankruptcy judges alter mortgages - 2 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

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 : WRAL

Fitch cuts GMAC rating to Restricted Default - 2 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

Privatize Fannie Mae - 1 hour ago - Privatize Fannie Mae and Freddie Mac Scripps Howard News Service, by Deroy Murdock Original Article Posted By FLgator , 1 8 2009 5 44 12 PM Here's how Barack Obama can hit an economic home run privatize Fannie Mae and Freddie Mac. 0133 : Lucianne.com

Citi reaches deal with lawmakers on home loans - 1 hour 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 - 3 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

Citigroup backs Congress plan on home loans lawmakers - 1 hour 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