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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

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

TODAY Obama says Congress must act boldly and now on economy - 1 hour 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

Bulls lose to Minnesota - 1/2/2009 - This was supposed to be a soft spot on the Bulls schedule, the first of four home games against the league's worst teams after two consecutive poundings at the hands of its best. Instead, they opened their five-game homestand looking, if 0133 : Chicago Tribune

S P places Alcoa on 'CreditWatch' - 3 hours ago - NEW YORK AP - Standard Poor's Ratings Services has placed its ratings for aluminum maker Alcoa Inc. on CreditWatch with negative implications, citing a very weak operating environment and low aluminum prices. The ratings include the 0133 : MSN MoneyCentral

Citi reaches deal with lawmakers on home loans - 43 minutes 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 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

Citi reaches deal with lawmakers on altering home loans - 2 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