CitiMortgage Specific National Mortgage Settlement Information

Cat Damiano

Mortgage Wars
Sep 10, 2007
10,541
39
48
Colorado
www.loansafe.org
The National Mortgage Settlement is an agreement between state attorneys general and major loan servicers, including CitiMortgage, Inc. This agreement provides relief to eligible borrowers through improved servicing standards and borrower assistance programs. Citi offers a range of options, including new programs designed to assist:

  • Homeowners who are current on their mortgage, but their home has negative equity (meaning more is owed on the home than it is worth).
  • Homeowners with a first and/or second mortgage who are having trouble making payments or have missed payments.
  • Borrowers who lost their home to foreclosure between January 1, 2008 and December 31, 2011.

https://www.citimortgage.com/Mortgage/displayHomeOwnerAssistance.do?page=settlement

https://www.citimortgage.com/Mortgage/pdf/National_Mortgage_Settlement_FAQ_032712V2_SEO.pdf
 

rockandroll

LoanSafe Member
Oct 11, 2009
23
0
0
Thank you Cat
It does look like we would qualify for the principal reduction I will be e-mailing my specialist to make sure that is requested I was under the impression that all options are reviewed with an application do you know if that is true or not ?
 

Cat Damiano

Mortgage Wars
Sep 10, 2007
10,541
39
48
Colorado
www.loansafe.org
You should also use the contact number in the link to be absolutely sure that your loan is eligible. This settlement was just finalized 90 days ago and the servicers have only just begun to reach out to borrowers that may be eligible which is why one would need to be proactive in finding out if they are eligible.