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Year Mortgage Loans Newsyear mortgage loansWASHINGTON (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 aim to ... Read moreCitigroup OKs deal to alter mortgages - Columbus DispatchWASHINGTON -- 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 report ... Read moreObama presses Congress to move on economic relief - Detroit NewsJan. 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 once ... Read moreMortgage Servicing Loses Luster as Bad Loans Mount (Update1) - BloombergA salute to readers who called mortgage brokers, then took advantage of the bargain residential loan rates mentioned in my mid-December column. Last week, I completed the refinancing of a 30-year loan, which locked in a 5 percent rate. Leaving behind ... Read moreLessons Learned: Mortgage refi paid off - Lincoln Journal StarNEWARK, Ohio, Jan. 9, 2009 (GLOBE NEWSWIRE) -- Park National Corporation's (Park) (NYSE Alternext US:PRK) 12 community banking divisions in Ohio reported an excellent increase in loans closed in the past month and past year. Park's loans in Ohio ... Read morePark National Corporation Grows Ohio Loans by $215 Million in 2008 - MSN MoneyCentralWASHINGTON/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 foreclosure ... Read moreUS bank industry slams lawmaker-Citi mortgage deal - Guardian UnlimitedNEW YORK ยป A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump yesterday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter ... Read moreMortgage deal sends stocks mostly higher - Honolulu Star-BulletinIn a shocking switch, banking giant Citigroup (NYSE: C ) is now supporting a Senate bill that would enable bankruptcy judges to modify the rates and principal amounts of mortgage loans on first homes. Note that, under the plan, homeowners don't even ... Read moreCitigroup's Shameful About-Face on Mortgage Mods - Motley FoolA 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 foreclosure, saying it could make home loans more ... Read moreBank Industry Slams Lawmaker-Citi Mortgage Deal - Post ChronicleNEW YORK (CNNMoney.com) -- There are many ways to spend $800 billion to revive the economy. In recent days, President-elect Barack Obama has ticked off many of them: invest in infrastructure projects, help states pay for Medicaid, cut taxes on the ... Read more |
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