NYT: Citigroup to Sell Unit That Lends to Students
For more: http://s.nyt.com/u/mCVj
Citigroup will take a $500 million loss on the deals, resulting in a write-down for the third quarter, but in the process it will unload nearly $40 billion in student loans from its books.

Home mortgage modification snags spark lawsuits
USA TODAY for more: http://bit.ly/9dg15c
Most of the lawsuits allege that the three- or four-month trial payment plans are contracts, and that Bank of America and other servicers broke them by not giving permanent modifications to homeowners who made their trial payments on time and provided the necessary documentation.