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Reuters - The Nasdaq climbed to a session high on Wednesday, while the S&P 500 turned positive and the Dow pared losses following news that Citigroup Inc will support legislation to stem foreclosures.
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."
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.
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.
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 - Nancy Killefer, the management consultant chosen by President-elect Barack Obama to make federal agencies work better for the public, has a lot of experience trying to improve the agency taxpayers love to hate, the Internal Revenue Service.
