New York Citi today announced its latest effort to keep families in their homes by committing to participate in 2MP, the second-lien program of the U.S. government's Home Affordable Mortgage Program.
"It is our priority and commitment at Citi to help homeowners in need," said Vikram Pandit, Chief Executive Officer of Citigroup. "The 2MP program will further improve the affordability on mortgages and help families facing financial distress stay in their homes."
Citi was among the first mortgage servicers to sign on to Treasury's Home Affordable Modification Program and has consistently been among the top-ranked servicers in the program. Citi has helped more than 825,000 families avoid foreclosure since 2007.
Citi continues to commit its resources to developing new and innovative solutions to assist families in need through the introduction of such programs as the Citi Homeowner's Assistance Program, the Citi Unemployment Assist Program, and most recently, the launch of the Citi Foreclosure Alternatives Program.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.