Rather than waiting for a government solution, Citi is joining institutions such as Bank of America and J.P. Morgan in preventing foreclosures. It is estimated that the Citi effort alone will prevent 130,000 foreclosures on $20,000,000,000 of mortgages. That’s $20 billion, or $20,000 million. In addition, they will actively reach out to a half million [...]
November 11, 2008

