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PennyMac, Led by Ex-Countrywide Head, Sees Promise 0133 - 18 hours ago - Jan. 8 Bloomberg Stanford Kurland, the former Countrywide Financial Corp. president, says his new company s purchase of 558 million in home loans issued by a failed Nevada bank will be a springboard for further growth. Private 0133 : Bloomberg

Citigroup reaches agreement with key senators on mortgage 0133 - 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 said they expected other lenders to follow. The lawmakers said Thursday 0133 : Minneapolis Star Tribune

30-year mortgage rate drops for 10th straight week week - 1 hour ago - The Fed this week began its purchases of up to 500 billion in mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae, resulting in sharply lower yields on the bonds that influence the rates that lenders can offer 0133 : USA Today

TODAY Obama says Congress must act boldly and now on economy - 49 minutes ago - WASHINGTON President-elect Barack Obama implored Congress to act boldly and act now'' on Thursday to fix an economy growing perilously weaker, and leading lawmakers set an informal goal of mid-February for enacting tax cuts and 0133 : Charleston Daily Mail

Citi reaches deal with lawmakers 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 : AOL

Citigroup nears compromise on some home loans - 2 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

New Research Fallout from Reckless Lending Continues as 0133 - 1 hour ago - WASHINGTON , Jan. 8 PRNewswire-USNewswire The subprime market for home loans has dried up for now, but the bad subprime loans made at the height of the mortgage bubble continue to damage neighborhoods and drown the economy in 0133 : Earthtimes

Citi, Lawmakers Reach Deal on Home Loans - 2 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