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Citigroup OKs deal to alter mortgages - 13 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

Andersen Corp. announces layoffs - 1 day ago - Andersen Corp. will lay off hundreds of workers due to current market conditions, the company announced Thursday. The Bayport-based window maker has permanently laid off 50 office and management workers and temporarily laid off 400 0133 : Minneapolis-St Paul Business Journal

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

Georgia banks problems alarming, data show - 2 hours 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 - 2 hours 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

Thornburg s Badal saw financial crisis coming, but few 0133 - 2 hours ago - Congress should create a 3.5 to 4 percent government-guaranteed home loan program to clear the nation s housing surplus as quickly as possible, says the former CEO of Thornburg Mortgage Home Loans . Lawmakers also should create a new 0133 : New Mexico Business Weekly

Worst Small Towns To Own A Home - 2 hours ago - Homeowners in West Little River, Fla. , Westmont, Calif. , and Copiague, N.Y. , could use some time with their financial planners. That's because these areas have the highest percentages of mortgage holders whose monthly housing 0133 : Forbes

Recovery up to private sector - 5 hours ago - The federal government is far from exhausting all its weapons to assist the economy. Some form of tax break as well as a massive public works program reminiscent of the 1930s are expected from Barack Obama once he takes office. This 0133 : Greenwood Commonwealth