citigroup - Articles

Mortgage Modifications Still Taking Banks Too Long, Report Says

By Andrew Miga WASHINGTON -- A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers. Such delays can plunge borrowers deeper in debt. Joseph A. Smith, the independent monitor of last year's... Continue Reading »

Whistleblowers Win $46.5 Million in Foreclosure Settlement

By James O'Toole NEW YORK (CNNMoney) -- Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her... Continue Reading »

Mortgage Mods Up, But Paperwork Still A Snag For Many

If you're one of the 787,231 people who now has a trial modification, you better be sure your paperwork gets completed on time. People whose deadline was December 31, 2009 received an extension until January 31, but the government says there will be no more extensions. The good news is that more people are successfully... Continue Reading »

For Bankers, Who's the Boss?

Watching the CEOs of America's largest banks testifying this week to Congress about their roles in starting The Great Recession with varying levels of contrition and defiance raises the question: exactly who are banks really accountable to in these post-TARP days? Who's the boss? Shareholders? Taxpayers? Customers (whom... Continue Reading »

Citi decides not to play Scrooge for the holidays

Get this: Citigroup wants to make sure that its customers -- those on the verge of being booted out of their homes -- have a less stressful holiday. So the beleaguered bank has decided to give them a holiday reprieve by suspending foreclosures and evictions for up to 30 days. "We want our borrowers to have a much less... Continue Reading »

AOL RealEstate on Facebook