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Loan Modification

: Mortgage Lender Implode-o-Meter

Citi Marks $1 Billion to Refinance Mortgages

By Implode-Explode Heavy Industries

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"Citi?s efforts to lend to the mortgage industry are not limited to the refinancing effort. The bank today touts $8.2bn of TARP capital already committed to the economy as of March-end, primarily to purchase mortgage securities in the secondary market and consequentially free up capital in mortgage lenders? balance sheets."

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2009 (boomark / email).

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