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Dodd helps craft Citi home-loan deal - 4 hours ago - WASHINGTON AP - Democratic lawmakers Christopher Dodd of Connecticut, Richard Durbin of Illinois and Charles Schumer of New York have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to 0133 : Connecticut Post

UPDATE 1-NY Fed says bought 10.2 billion in MBS Jan 5-7 - 5 hours ago - NEW YORK, Jan 8 Reuters - The Federal Reserve Bank of New York said it bought 10.2 billion in mortgage-backed securities this week as it launched a program to lower home borrowing costs. The purchases are part of a 500 billion program 0133 : Reuters

Stimulus vital, says Obama - 2 hours ago - WASHINGTON President-elect Barack Obama said Thursday the recession could linger for years unless Congress pumps unprecedented sums from Washington into the economy, making his highest-profile case yet on an issue certain to define and 0133 : Dalles Chronicle

Citi reaches deal with lawmakers on home loans - 57 minutes 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. The lawmakers urged other lenders to follow suit. The lawmakers aim to 0133 : International Herald Tribune

Citigroup backs Congress plan on home loans lawmakers - 2 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 - 7 hours ago - Jan 8th, 2009 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 0133 : Salon

Citi nears deal with Congress on home loan change - 6 hours ago - WASHINGTON AP 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 0133 : Bridgeton News

Citigroup, Lawmakers Agree on Foreclosure Prevention Plan - 3 hours ago - WASHINGTON AP A trio of Democratic senators say they 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 aim to attach the plan to 0133 : KXTV News10Net