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Business briefs - 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 : Dubuque Telegraph Herald

Freddie Mac report 30-year mortgage rates are in free-fall - 3 hours ago - WASHINGTON - Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking nearly 38 years ago. Rates have been falling since late November, when the Federal 0133 : Toledo Blade

Obama urges delay in TV transition - 7 hours ago - WASHINGTON President-elect Barack Obama is urging Congress to postpone the Feb. 17 switch from analog to digital television broadcasting, arguing that too many Americans who rely on analog TV sets to pick up over-the-air channels won t be 0133 : Worcester Telegram & Gazette

Posted by Theo Francis on January 08 - 21 hours ago - If you want a sign the financial world is changing fast, look no farther than Thursday's announcement that Citigroup would back legislation allowing judges to modify mortgage terms in bankruptcy. The bill, championed for more than a year by 0133 : BusinessWeek

Citi reaches deal with lawmakers on home loans - 7 hours 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 : Columbia Missourian

Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 4 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

Georgia banks problems alarming, data show - 59 minutes ago - More Georgia banks faced deeper problems from souring loans and other challenges in the third quarter, based on a commonly used measure of their financial health. The number of banks with high Texas ratios a figure that attempts to 0133 : Atlanta Journal Constitution

UPDATE 3-US bank industry slams lawmaker-Citi mortgage deal - 45 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