Archive for November 11th, 2008

CitiBank and Others Working to Solve Foreclosure Problem

November 11, 2008

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 [...]

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