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Latest Financial News and Information

Citi backs Senate mortgage bankruptcy reform: senators (Reuters)

<p>Reuters - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.




Citigroup backs Congress plan on home loans: lawmakers (AFP)

</a>AFP - Congressional leaders said Thursday they have reached agreement with Citigroup on legislation to provide relief to cash-strapped homeowners at risk of losing their homes.




Citi reaches deal with lawmakers on home loans (AP)

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 and urged other lenders to follow suit.

Citigroup Deal Opens Door to Action on Mortgage 'Cramdowns' (CQPolitics....

CQPolitics.com - Senior Democrats announced Thursday that they have reached a deal with Citigroup that they hope will pave the way for action on legislation allowing judges to alter the terms of mortgages in bankruptcy proceedings to avoid foreclosures.

Mortgage giants extend suspensions of foreclosures (AP)

AP - Mortgage giants Fannie Mae and Freddie Mac said Thursday they will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January.

Nearly 10 percent of Latinos lag on mortgages (AP)

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.

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