Citi homeowner assistance program launched - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Citi homeowner assistance program launched

Posted by Rachel Leigh email

(WFLX) - You may be getting a break on your mortgage payment if you bank with Citi.

Struggling Citigroup says it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.

Customers who may qualify for assistance include those who are 60 days, more past due on their mortgages or in foreclosure.

Citigroup says if customers are still without jobs after three months their mortgages will be handled on a case-by-case basis to come up with the best payment option.

Homeowner Unemployment Assist is geared toward helping people avoid foreclosure. (Press Release)

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