Posts tagged as:

Citi Mortgage

Sanjiv Das, the top executive at CitiMortgage talks about underwater homeowner

by Moe Bedard

NEW YORK, Feb 24 (Reuters) – Sanjiv Ranjan Das, a professor at California’s Santa Clara University, last fall attacked the problem of “underwater” mortgages often cited as an Achilles’ heel to the U.S. housing market.

He had a special fan: Sanjiv Das, the top executive at CitiMortgage, the

0 comments Read the full article →

You Don’t Own My Mortgage: Homeowner Fights Bank and Wins

by Moe Bedard

The flood of home foreclosures across the country — three million expected in 2010 compared to 2.8 million last year — is creating some interesting courtroom dramas.

In Florida earlier this month, a judge dismissed a move by CitiMortgage to kick a family out of its home — without the homeowner even asking her to.

0 comments Read the full article →

CITI Stops Foreclosures During the Holidays

by Moe Bedard

WASHINGTON — Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.

The New York-based bank said Thursday the suspension will run from

0 comments Read the full article →

Citi Reports Second Quarter Foreclosure Prevention Activities Helped 108,000 U.S. Homeowners

by Moe Bedard

Loss Mitigation Successes Outnumbered Foreclosures Completed By More Than 12 to 1
NEW YORK–(BUSINESS WIRE)–Today Citi announced that the company’s consumer mortgage lending and foreclosure prevention efforts for the second quarter successfully helped 108,000 mortgage holders across the country avoid potential foreclosure and remain in their homes. The total number of homeowners helped by Citi’s initiatives [...]

0 comments Read the full article →

Citi issues statement on mortgage foreclosure moratorium

by Moe Bedard

Today’s announcement expands on Citi’s current foreclosure moratorium in which Citi does not initiate or complete a foreclosure sale on any eligible borrower where Citi owns the mortgage, the borrower is seeking to stay in the home, which is his or her primary residence, is working in good faith with Citi and has sufficient income for affordable mortgage payments.

“Since the start of the housing crisis in 2007, Citi has worked successfully with approximately 440,000 homeowners to avoid potential foreclosure on combined mortgages totaling approximately $43 billion. Last year, Citi kept approximately four out of five distressed borrowers with mortgages serviced by Citi in their homes.”

Read the full article →

Citi Mortgage Loan Modification for This Grateful Homeowner

by Moe Bedard

Out of all the lenders and mortgage servicers out there, I would have to say that the most positive feedback and best results have come from Citi Mortgage / Citi Financial time and time again.
They really seem like they are reaching out and going beyond the typical lip service I preach about here daily.
I [...]

365 comments Read the full article →