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Citi Reaches Deal With Lawmakers on Home Loans

Date: January 8, 2009
Author: Carl Hulse
QUOTE: In a move that would help troubled homeowners, Citigroup agreed to support legislation that would let bankruptcy judges adjust mortgages for at-risk borrowers....Financial industry lobbyists, however, said the plan was flawed and vowed to fight legislation aimed at easing up on homeowners facing foreclosure.

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