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Citigroup, Democrats reach mortgage deal - 20 hours ago - WASHINGTON Key congressional Democrats on Thursday reached an agreement with financial giant Citigroup Inc. on a proposal to make it easier for bankruptcy judges to adjust the terms of home loans and possibly forestall many foreclosures 0133 : Sacramento Bee

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, Democrats look to revamp financial bailout - 1 hour ago - WASHINGTON Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the 350 billion remaining in the financial bailout fund, 0133 : Yahoo News

Mortgage Servicing Loses Luster as Bad Loans Mount Update1 - 9 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

Failed US home loans bank IndyMac sold for 14 bn - 1/3/2009 - WASHINGTON A group of private investors has agreed to buy for nearly 14 billion the collapsed home loans specialist IndyMac Bank, the third-largest bank to fail since the US government began insuring deposits in 1934. The group is headed 0133 : Daily News and Analysis

'Obscene' 10,000 Borrowing Rates - 33 minutes ago - Borrowers are paying interest of up to 10,000 on internet-based and doorstep loans, according to a Conservative report. The claim comes despite the Bank of England cutting its main interest rate to a record low of just 1.5 . Tory housing 0133 : Ananova

UPDATE 2-US bank industry slams lawmaker-Citi mortgage deal - 9 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

After 158 years, the end is nigh for Bristol West - 4 hours ago - The housing market was dealt a further blow this week after the Bank of Ireland announced it was dramatically scaling back its UK mortgage operation and ditching the 158-year-old Bristol West brand. However, the Dublin-based bank says the 0133 : Guardian Unlimited