Citigroup Inc. announced Tuesday a new program aimed at addressing the latest challenge facing the mortgage industry: unemployed homeowners.It sometimes appears like we're moving towards a society where the costs associated with taking risks are slowly being eliminated. That means that eventually, so will be benefits.Under the program, Citigroup will temporarily lower mortgage payments to an average of $500 a month for certain borrowers who have recently lost their jobs and are at least 60 days behind on their mortgage payments. Borrowers will be allowed to make the lower payments for three months. Citigroup will waive interest and penalties during this period.
n January, the New York bank bucked the rest of the industry and endorsed legislation that would allow bankruptcy-court judges to modify the terms of troubled mortgages. Citigroup executives have said that move, which could take a toll on the company's bottom line, was designed to win favor in Washington.
...Mr. Das said the federal government "had no role at all" in the company's latest loan-modification effort. The new program "was created by us, developed by us and is now being implemented by us," he said. "There was no pressure at all."
And somehow I doubt there was "no pressure at all" That could be my inner Conspiracy Theorist (he lives in my head next to the little Game Theorist) talking, but the timing seems (as Artie Johnson would say, "Verrrrrryy Innntereshting"
Ironically, the article was in the "politics" section.
4 comments:
christian louboutin outlet, prada handbags, air jordan pas cher, louis vuitton outlet, uggs on sale, nike free, chanel handbags, ugg boots, prada outlet, longchamp outlet, replica watches, nike air max, ugg boots, tory burch outlet, longchamp, louboutin pas cher, tiffany jewelry, ralph lauren pas cher, gucci outlet, air max, louis vuitton outlet, polo ralph lauren outlet, nike air max, nike outlet, louis vuitton, longchamp outlet, jordan shoes, oakley sunglasses, burberry, oakley sunglasses, ray ban sunglasses, cheap oakley sunglasses, replica watches, louboutin, longchamp pas cher, ray ban sunglasses, nike free, michael kors, tiffany and co, louboutin outlet, ray ban sunglasses, nike roshe run, louis vuitton, oakley sunglasses, kate spade outlet, polo ralph lauren outlet, louboutin shoes, sac longchamp, louis vuitton, oakley sunglasses
nike roshe, ray ban pas cher, michael kors outlet, north face, ralph lauren uk, timberland, burberry outlet online, mulberry, true religion outlet, lacoste pas cher, michael kors, kate spade handbags, true religion jeans, nike free run uk, air force, tn pas cher, new balance pas cher, nike blazer, michael kors outlet, vanessa bruno, sac guess, oakley pas cher, coach purses, coach outlet, ray ban uk, nike air max, michael kors outlet, vans pas cher, lululemon, michael kors, hollister pas cher, hogan, converse pas cher, hollister, true religion jeans, abercrombie and fitch, coach outlet, ugg boots, true religion jeans, replica handbags, nike air max, michael kors, michael kors, burberry, nike air max, north face, michael kors outlet, hermes, michael kors outlet, ugg boots
vans, mcm handbags, asics running shoes, ferragamo shoes, iphone cases, lululemon, timberland boots, longchamp, converse, mont blanc, abercrombie and fitch, gucci, chi flat iron, converse outlet, nike roshe, ralph lauren, oakley, soccer jerseys, north face outlet, p90x workout, baseball bats, nike air max, reebok shoes, nike trainers, bottega veneta, valentino shoes, birkin bag, instyler, beats by dre, herve leger, giuseppe zanotti, jimmy choo shoes, nike huarache, nike air max, soccer shoes, babyliss, nfl jerseys, hollister, louboutin, hollister, north face outlet, ghd, vans shoes, hollister, wedding dresses, celine handbags, mac cosmetics, new balance, insanity workout, ray ban
thomas sabo, louis vuitton, wedding dresses, swarovski crystal, pandora jewelry, moncler, canada goose uk, louis vuitton, moncler, moncler, canada goose, hollister, lancel, moncler, replica watches, supra shoes, canada goose, canada goose outlet, juicy couture outlet, coach outlet, bottes ugg, marc jacobs, ugg,uggs,uggs canada, montre pas cher, canada goose, pandora charms, links of london, pandora charms, toms shoes, sac louis vuitton pas cher, louis vuitton, doudoune canada goose, barbour jackets, karen millen, juicy couture outlet, moncler, pandora jewelry, moncler, ugg boots uk, barbour, swarovski, canada goose outlet, ugg pas cher, louis vuitton, moncler outlet, canada goose, moncler, ugg,ugg australia,ugg italia
Post a Comment