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Citigroup OKs deal to alter mortgages - 10 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 - 2 hours 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

Detroit hosts auto show against bleak backdrop - 2 hours ago - DETROIT Reuters - Automakers will introduce glossy cars and new hybrids at the Detroit Auto Show, but with General Motors Corp and Chrysler LLC still teetering on the edge of failure and industry sales expected to worsen, the lure of 0133 : MSN MoneyCentral

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

Democrats back deal to alter home loans - 9 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 to 0133 : Baltimore Sun

Handling Home Payments Loses Profit Luster as Bad Loans Pile 0133 - 11 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

Citi reaches deal with lawmakers on home loans - 13 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 : Huffingtonpost.com

See today's average credit card rates across the country. - 27 minutes ago - WASHINGTON - A top bank industry group Friday said it opposes an agreement between Citigroup Inc. and Democratic senators that would rewrite bankruptcy law to help troubled mortgage borrowers avoid foreclosure. The American Bankers 0133 : MSNBC