AP - Nearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday.
AP - British homebuilder Persimmon outlined a plan to conserve cash and reduce its debt Thursday, and warned that the short-term outlook for the British housing market was challenging.
Reuters - Finance company GMAC LLC expressed support for its money-losing Residential Capital LLC mortgage unit on Thursday but stopped short of a commitment to keep the big home loan provider in business.
<p>Reuters - Citigroup Inc is leading other lenders in advanced talks with key U.S. senators on legislation that would allow judges to set new repayment terms for millions of mortgage holders who wind up in bankruptcy court, the Wall Street Journal said, citing people involved in the talks.
AP - With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a $150 billion plan to revive the housing market.
Reuters - U.S. President-elect Barack Obama said on Wednesday he planned to unveil a plan to stem the mounting tide of home foreclosures in the next month or two.
