So much mortgage news, so little time

Ever feel like you're drowning in news -- and you don't have enough to cover it? That's where things stand here this morning. So I'm going to just try to hit on the major items of the day ... *Citi is reportedly going to lay off $12 billion in leveraged loans and bonds to some private equity buyers. Like other banks, Citi is trying to shrink its balance sheet and raise capital to offset rising losses on a variety of instruments. * The New York Times notes that while everyone wants the Federal