Thursday, January 8th, 2009
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Monroe City IN Debt Consolidation Services



Monroe City Indiana Information

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Here is some interesting news for Monroe City Indiana residents...



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 said they expected other lenders to follow.
 
Citi backs mortgage bankruptcy reform: Senators (Reuters)

People taking the Long Island Foreclosure Tour arrive at a foreclosed home for sale in New Hyde Park, New York in this May 17, 2008 file photo. Citigroup could soon agree to principles that would let troubled borrowers save their homes through bankruptcy, sources familiar with the talks said on Thursday, while industry groups are easing their opposition to the plan. (Shannon Stapleton/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.


 
S&P 500, Nasdaq up but Dow off on Wal-Mart (Reuters)

Traders work on the floor of the New York Stock Exchange January 8, 2009. (Brendan McDermid/Reuters)Reuters - NEW YORK (Reuters)- The Nasdaq and S&P 500 rose on Thursday after news that Citigroup Inc agreed to support legislation aimed at stemming home loan foreclosures, offsetting Wal-Mart's disappointing sales and outlook.


 
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.
 
GMAC says backs ResCap, without committing to it (Reuters)
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.
 
Citigroup, U.S. senators in mortgage legislation talks: report (Reuters)

Senator Charles Schumer on Capitol Hill in a file photo. (Jason Reed/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.


 
May 5th, 2008

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