On Monday President Barack Obama criticized the largest U.S. banks.
He has criticized these banks due for their efforts to stop legislation that would improve federal student loan programs.
Tag Archive | "President Barack Obama"
Citi Says Loan Modifications Growing Substantially
Posted on 25 August 2009
In response to the U.S. Treasury’s call to speed the process and help prevent foreclosures, Citigroup Inc has significantly boosted its mortgage modification offers this month.
In a report released on Tuesday, CitiMortgage said that it has already helped 108,000 homeowners in the last quarter to avoid potential foreclosure, a rise of nearly 30 percent over the previous period.
It has participated fully in the President Barack Obama’s Home Affordable Modification Program, known as HAMP, to ease loan terms for up to 4 million borrowers.
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No Change in Interest Rates for the Third Quarter of 2009