Bank lowering mortgage payments for some un-employed homeowners

Citigroup has announced it will lower mortgage payments for some homeowners who have lost their jobs. In some cases the reduction will be as low as $500 a month for three months.

This 'gesture' comes after the recent US Govt's granting of up to $25 billion in emergency bailout money to Citigroup for as much as a 36 percent equity stake in the company.

 

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Bank lowering mortgage payments for some un-employed homeowners

Citigroup has announced it will lower mortgage payments for some homeowners who have lost their jobs. In some cases the reduction will be as low as $500 a month for three months.

This 'gesture' comes after the recent US Govt's granting of up to $25 billion in emergency bailout money to Citigroup for as much as a 36 percent equity stake in the company.

 

Comments are closed