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Posts Tagged ‘Citimortgage’

Number of Modified (Foreclosed homes) Mortgages Jumps Sharply

Thursday, February 18th, 2010

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Source: feeds.foreclosurepulse.com

Citi’s Foreclosure Alternative Allows Homeowners to Stay for Six Months
Citi’s Foreclosure Alternative Allows Homeowners to Stay for Six Months Feb. 11, 2010 — DSNews As one of the nation’s largest mortgage servicers, CitiMortgage is still contending with a deluge of foreclosures that just doesn’t seem…(read more)


Source: feeds.foreclosurepulse.com

CitiMortgage Boosts Foreclosed (Foreclosure homes) Prevention Efforts

Tuesday, September 1st, 2009

CitiMortgage, the mortgage unit of Citigroup Inc., has significantly increased its loan modification offers responding to Obama Administration’s call to intensify and speed up the process to help more troubled homeowners avoid foreclosures. According to the mortgage servicer, it was able to help 108,000 troubled borrowers avoid the foreclosure process in … foreclosed homes

The Lee County and the Florida cities of Fort Myers and Cape Coral are expected to purchase properties on bank foreclosed home listings for rehabilitation. Already, a number of contractors are competing for a chance to renovate foreclosed homes in these counties. The initiative also means more job opportunities in … foreclosed homes

Sales and prices of single-family homes in Lee County, Florida declined slightly in July compared with the previous month. But the sales pace continued to improve last month. According to market data, the number of single-family homes that were sold in July totaled 1,570. The figures represented a decline in last … foreclosed homes

Foreclosure homes – CitiMortgage Boosts Foreclosed Prevention Efforts

Tuesday, September 1st, 2009

CitiMortgage, the mortgage unit of Citigroup Inc., has significantly increased its loan modification offers responding to Obama Administration’s call to intensify and speed up the process to help more troubled homeowners avoid foreclosures. According to the mortgage servicer, it was able to help 108,000 troubled borrowers avoid the foreclosure process in … foreclosed homes

California, which is one of the states that took a hard beating from the foreclosure crisis, has awarded about $92.7 million grants to counties and cities to help them prevent abandoned and vacant foreclosed houses from becoming neighborhood blight and haven to criminals. Out of the $92.7 million, over $3 million … foreclosed homes

CitiMortgage Boosts Foreclosed Prevention Efforts (Reo properties)

Sunday, August 30th, 2009

CitiMortgage, the mortgage unit of Citigroup Inc., has significantly increased its loan modification offers responding to Obama Administration’s call to intensify and speed up the process to help more troubled homeowners avoid foreclosures. According to the mortgage servicer, it was able to help 108,000 troubled borrowers avoid the foreclosure process in …
Source: www.foreclosurelistingsnationwide.com

Foreclosed Home Prevention Program Assessed by FDIC Chair
Approximately 40 percent of homeowners who obtained loan modifications under the Obama administration’s foreclosed home prevention program have been redefaulting, according to Sheila C. Bair, chairman of the Federal Deposit Insurance Corporation. She further explained that this is one of the reasons why lenders have not been stepping up their …
Source: www.foreclosurelistingsnationwide.com

CitiMortgage Boosts Foreclosed Prevention Efforts (Home foreclosures)

Thursday, August 27th, 2009

CitiMortgage, the mortgage unit of Citigroup Inc., has significantly increased its loan modification offers responding to Obama Administration’s call to intensify and speed up the process to help more troubled homeowners avoid foreclosures. According to the mortgage servicer, it was able to help 108,000 troubled borrowers avoid the foreclosure process in … buying foreclosed homes

Las Vegas, Nevada is still the lead city in commercial and foreclosed home list. For the first six months of this year, Las Vegas’ foreclosure filings grew by almost 56 percent compared with the same period a year ago. Data showed that one out of 13 Las Vegas homeowners received a … buying foreclosed homes

Sales and prices of single-family homes in Lee County, Florida declined slightly in July compared with the previous month. But the sales pace continued to improve last month. According to market data, the number of single-family homes that were sold in July totaled 1,570. The figures represented a decline in last … buying foreclosed homes


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