Citigroup

Citi and Big Mortgage Loan Modifications

In an aggressive move, targeting the root cause of the global financial crisis, Citigroup Inc. has announced November 10th, 2008 that it is offering to modify the loans of as much as $20 billion in mortgages. Citigroup's program includes subprime borrowers and those with good credit. This is a sign that the bank sees mortgage delinquencies and foreclosures need immediate attention.