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Citigroup OKs deal to alter mortgages - 9 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. They expect other lenders to follow. The lawmakers said yesterday they 0133 : Columbus Dispatch

Obama presses Congress to move on economic relief - 58 minutes ago - WASHINGTON President-elect Barack Obama again pressed Congress on Friday for quick action on an economic recovery package, a day after Senate Democrats raised a number of objections to emerging details of the plan. Pointing to a new jobs 0133 : Detroit News

Citi reaches deal with lawmakers on home loans - 4 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 and urged other lenders to follow suit. The lawmakers aim to attach the 0133 : Syracuse Post-Standard

Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 2 hours ago - Jan. 9 Bloomberg Bank of America Corp., GMAC LLC, and WL Ross Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business 0133 : Bloomberg

Citigroup agrees to home loan revisions - 7 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 urged other lenders to follow suit. The lawmakers aim to attach the plan 0133 : Boston Globe

Citigroup deal could avert new foreclosures - 6 hours ago - Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans to prevent foreclosures and urged other lenders to follow suit. The lawmakers said Thursday that the change in bankruptcy law 0133 : NorthJersey.com

UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - 29 minutes ago - WASHINGTON NEW YORK, Jan 9 Reuters - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc C.N and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers 0133 : Reuters

Payday loans charging obscene interest - 4 hours ago - Payday loans are charging individuals obscene levels of interest, claims a leading Conservative spokesperson. While Bank of England cut its base rate to 1.5 per cent yesterday, home credit firms covering doorstep loans and payday loans 0133 : MyFinances.co.uk