Skip to main content

Citi commits to HAMP Second-Lien Program

Mar 25, 2010

Citi has announced its latest effort to keep families in their homes by committing to participate in 2MP, the second-lien program of the U.S. government's Home Affordable Mortgage Program (HAMP). "It is our priority and commitment at Citi to help homeowners in need," said Vikram Pandit, chief executive officer of Citigroup. "The 2MP program will further improve the affordability on mortgages and help families facing financial distress stay in their homes." Citi was among the first mortgage servicers to sign on to Treasury's Home Affordable Modification Program and has consistently been among the top-ranked servicers in the program. Citi has helped more than 825,000 families avoid foreclosure since 2007. Citi continues to commit its resources to developing new and innovative solutions to assist families in need through the introduction of such programs as the Citi Homeowner's Assistance Program, the Citi Unemployment Assist Program, and most recently, the launch of the Citi Foreclosure Alternatives Program. For more information, visit www.citi.com. 
About the author
Published
Mar 25, 2010
Post-Closing Challenges For Mortgage Brokers

How to navigate repurchase and clawback demands

Challenges And Solutions To Home Lending In Native American Communities Presented By NCRC

Bankers from around the nation participate in Redlining the Reservation webinar.

How Burnett v. NAR Will Impact The Mortgage Industry

Decision could make process harder for first-time buyers

First National Bank of Pennsylvania Settles Redlining Charges For $13.5 Million

Justice Department accuses major mortgage lender of discriminating against Black and Latino homebuyers in North Carolina.

FHA Announces New Rule Easing Branch Office Registration

Effective March 4, the Federal Housing Administration's updated regulation promotes broader participation in FHA programs, benefiting smaller loan originators and credit unions.