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Citigroup OKs deal to alter mortgages - 12 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

Freddie Mac report 30-year mortgage rates are in free-fall - 4 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

Posted by Theo Francis on December 29 - 12/30/2008 - Maybe it's not quite as bad as it looks. Tonight, the Treasury said it would funnel 6 billion of the federal bailout funds to GMAC, the big auto-financing company. This is above and beyond the cash infusion for General Motors itself, and 0133 : BusinessWeek

Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 5 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

Business briefs - 3 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 : Dubuque Telegraph Herald

Citigroup agrees to home loan revisions - 11 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 - 9 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

US bank industry slams lawmaker-Citi mortgage deal - 3 hours ago - WASHINGTON NEW YORK, Jan 9 Reuters - A top bank industry group said on Friday that it opposes an agreement between Citigroup Inc and Democratic senators that would rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid 0133 : Guardian Unlimited