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Real Estate & Property Law

: Housing Wire

Citigroup Joins the Club, Offers Aggressive Loan Modification Plan

By KELLY CURRAN

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Citigroup Inc. (C: 10.80 -3.66%) joined the ranks of financial institutions offering enhanced loan modification programs on Tuesday, when it announced its initiatives to “proactively help potential at-risk borrowers” with a program that will halt certain foreclosures, reduce monthly payments and cut interest rates to as low as 1 percent for up to 2 years. About [...]

Full post as published by Housing Wire on November 11, 2008 (boomark / email).

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