Home › Internet Banking ›

Citibank Online

Citibank Online

Sponsored link


NEW YORK – 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 in the second quarter was almost 30% higher than the previous quarter. This brings the total number of Citi-serviced homeowners helped since the start of the U.S. housing crisis in 2007 to 625,000, with a total original value of more than $67 billion through modifications, HAM trial modifications, extensions, forbearances, reinstatements and other loss mitigation activities.

Ads


Sanjiv Das, CEO of CitiMortgage said, "CitiMortgage's main concern is to help as many of our distressed customers as we can with a solution that is appropriate for their individual financial circumstances and needs. We are encouraged by the success of our initiatives, and are dedicated to doing more. Many Americans are still struggling which is why Citi remains committed to working with homeowners and partnering with national and local community leaders to provide the programs, resources and information necessary to keep distressed borrowers in their homes."

Today's Citi U.S. Mortgage Lending Data and Servicing Foreclosure Prevention Efforts is Citi's seventh such report and covers its experience through the second quarter of 2009. The report demonstrates Citi's ongoing commitment to transparency regarding its lending and foreclosure prevention efforts. It also includes certain state-level data on delinquency trends and Citi's loss mitigation efforts. State-level information is provided for 22 states where Citi either has a greater number of serviced loans and/or where there are large numbers of foreclosures. Committed to transparency and accountability in its foreclosure prevention efforts, Citi is alone in the industry in providing an extensive, quarterly data report detailing the performance of its consumer mortgage lending businesses.

Contact:
Citibank Online
Phone: 1-800-950-5114
Web: http://group.barclays.com

Ads

Category:

Similar

  • VersaPOS - VersaPOS™ is an end-to-end retail management solution developed for retailers in various verticals by SYSTIME.
  • Pubnet 2000 - Owned by R.R. Bowker, a subsidiary of Cambridge Information Group, Pubnet is an electronic data interchange/electronic commerce (EDI/EC) service designed by and used within the book industry. Its purpose is to streamline the book ordering process, improving efficiency and significantly reducing costs.
  • Prime Factors, Inc. - Prime Factors, Inc. develops enterprise encryption and key management software that reduces risk and helps organizations achieve their security goals. More than 1,000 customers world-wide have used our products in many different ways including to secure transactions between trading partners, to achieve compliance or to encrypt fields in a database.
  • Shaw Systems Associates, Inc. - Shaw Systems has been a pioneer in automating the lending industry since 1967. Over 300 clients in eight countries have benefited from using our software products. We provide complete solutions for loan and lease servicing and collections and recovery. Our integrated solutions leverage existing applications to provide automation and flexibility while lowering costs. Shaw clients work smarter across all portfolios and manage customer-centric relationships and decisions.
  • Real-Time Payment Management and Processing Software - CoreCard Software, Inc., previously known as Delos Payment Systems, is a privately-held company based in Norcross, Georgia. The company was founded in April 2001 when it spun out of PaySys International (PaySys) prior to the completion of First Data Corporation’s acquisition of PaySys and its COBOL-based product line.

    • Credit Types