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Citigroup, Senators Agree on Bankruptcy Role to Trim Loan Rates - Bloomberg
Jan. 9 (Bloomberg) -- Citigroup Inc.’s agreement to back legislation that lets bankruptcy judges cut mortgage rates for at-risk borrowers drew criticism from bank industry lobbyists who said the compromise with Senate Democrats was flawed ...

HUD defends FHA at U.S. House hearing on mortgages - Reuters
WASHINGTON, Jan 9 (Reuters) - A senior U.S. housing official on Friday defended the performance of the Federal Housing Administration at a congressional hearing looking into questions raised in a magazine article about mortgage originators. A ...

Keep daughter on credit cards for now: Teresa Dixon Murray's advice - Cleveland Plain Dealer Blog
Q: My 28-year-old daughter was recently refinancing the mortgage on her condo and noticed an unanticipated $2,500 credit card balance with Capital One. It turns out that that was my credit card balance last month. When she was in college, we added ...

Citigroup supports measure giving courts big say on mortgage ... - Los Angeles Times
Senate Majority Leader Harry Reid of Las Vegas, second from left, speaks at a news conference in Washington. He is joined by Sens. Charles E. Schumer (D-N.Y.) , left, Patty Murray (D-Wash.) and Richard J. Durbin (D-Ill.). Citigroup is now backing ...

Can't Afford to Get Divorced? Real Estate Law Expert Offers Steps to ... - Earthtimes
NASHVILLE, Tenn. , Jan. 8 /PRNewswire/ -- Before the housing market crash, divorcing couples used to fight over who would get to keep the house. Now they fight over who will get stuck with the liability of a mortgage that costs more than the house is ...

YOUNG GOPERS: 'O,' THE PAIN! - New York Post
The Grand Old Party is over for New York's young Republicans, who spent last night crying in their vintage cognac as they mourned the end of the Bush era and quaked in fear over the prospect of an Obama presidency. "I have no idea what's to come ...

CARROLL: Why be frugal? - Rocky Mountain News
If you're like me, you're getting a little tired of hearing about the silver lining in the recession - how it's going to teach us the value of thrift and how "you can't spend what you don't earn," as Alan Murray of The Wall Street Journal put it the ...

FHA needs to ramp up program oversight: auditor - Marketwatch
As the mortgage and housing markets have unraveled, FHA has become a much bigger player in loan origination and the backbone of the government's efforts to help troubled homeowners. The agency's market share has grown to 12.55% of single-family home ...

Fitch Downgrades 1 Class of GMAC 1999-C1; Maintains Outlooks - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings downgrades GMAC Commercial Mortgage Securities, Inc.'s mortgage pass-through certificates, series 1999-C1 as follows: --$20 million class J to 'CC/DR4' from 'CCC/DR2'. In addition, Fitch ...

You can keep daughter on credit cards for now - Money Matters - Cleveland Plain Dealer
Qy 28-year-old daughter was recently refinancing the mortgage on her condo and noticed an unanticipated $2,500 credit card balance with Capital One. It turns out that that was my credit card balance last month. When she was in college, we added her ...