Yahoo! News: Business - Real Estate
Business - Real Estate
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Citigroup Deal Opens Door to Action on Mortgage 'Cramdown' Compromise (CQPolitics.com)
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.
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Citi backs measure to help avoid foreclosures (Reuters)
Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
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Citigroup agrees to let judges retool troubled mortgages (McClatchy Newspapers)
McClatchy Newspapers - 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.
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Citi backs mortgage bankruptcy reform: senators (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a rewrite of bankruptcy law being proposed in the U.S. Congress to help troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.
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Citi backs Senate mortgage bankruptcy reform: senators (Reuters)
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.
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Citigroup backs Congress plan on home loans: lawmakers (AFP)
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.
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Citi backs Senate mortgage bankruptcy reform: senator (Reuters)
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.
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Citigroup Deal Opens Door to Action on Mortgage 'Cramdowns' (CQPolitics.com)
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.
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Citgroup Agreement on Mortgage 'Cramdowns' Opens Door to Potential Change in Law (CQPolitics.c …
CQPolitics.com - Senior Democrats announced Thursday that they have reached a deal with Citigroup that they hope will pave the way for Senate action on legislation that would allow judges to alter the terms of mortgages in bankruptcy proceedings to avoid foreclosures.
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Citi backs mortgage bankruptcy reform: Senators (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said on Thursday.
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Citi reaches deal with lawmakers on home loans (AP)
AP - A trio of Democratic senators say they have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures.
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Senators say have mortgage deal with Citigroup (Reuters)
Reuters - Three Democratic senators said they would announce a deal later on Thursday with financial giant Citigroup Inc on "helping millions of families save their homes."
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Citi nears deal with Congress on home loan change (AP)
AP - Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday.
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Citigroup nears compromise on some home loans (AP)
AP - Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday.
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Mortgage giants extend suspensions of foreclosures (AP)
AP - Mortgage giants Fannie Mae and Freddie Mac will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January.
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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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UK builder Persimmon warns outlook challenging (AP)
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.
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GMAC says backs ResCap, without committing to it (Reuters)
Reuters - GMAC LLC, the finance company, on Thursday expressed support for its money-losing Residential Capital LLC mortgage unit, though it stopped short of a commitment to keep the big home loan provider in business.
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Citigroup, U.S. senators in mortgage legislation talks: report (Reuters)
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.
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Obama says to unveil housing plan within 2 months (Reuters)
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.
Yahoo! News: Business - Real Estate
