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Citigroup Backs Bankruptcy Courts Cutting Loan 0133 - 4 hours ago - Jan. 8 Bloomberg Citigroup Inc., one of nine U.S. banks to get government aid, agreed to support legislation that would let bankruptcy judges cut mortgage rates for at-risk borrowers, three U.S. senators said today as financial 0133 : Bloomberg

Investors buy 558 million in mortgages from FDIC - 4 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

Rove falsely asserted that Frank called Bush's Fannie, Freddie 0133 - 4 hours ago - Summary In his Wall Street Journal column, Karl Rove falsely claimed that Rep. Barney Frank labeled President George W. Bush's proposals for reform of Fannie Mae and Freddie Mac as inane. In fact, Frank's remark came in response to 0133 : Media Matters

Obama Congress must act boldly and now on economy - 48 minutes ago - AP President-elect Barack Obama speaks about the economy at George Mason University in Fairfax, Va., Thursday, WASHINGTON President-elect Barack Obama implored Congress on Thursday to act boldly and act now to fix an economy growing 0133 : Yahoo News

Fitch cuts GMAC rating to Restricted Default - 6 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

Lawmakers Reach Deal With Citigroup On Home Loans - 55 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 and urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Hartford Courant

Citi reaches deal with lawmakers on home loans - 2 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 : star.com.my

Citigroup nears compromise on some home loans - 7 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