Good News for Current & Former Citibank Borrowers

Well, if you are or were a Citibank borrower, yesterday's news is potentially good for you. As part of a $7 Billion settlement with the Department of Justice. Of that $7 Billion figure, $2.5 Billion will go to provide financing for construction of low income multi-family rental housing. Part of the $2.5 Billion reportedly will also go toward helping home owners who financed their homes with Citi. This part of the settlement will provide loan mods and principal reductions of existing loans. If you have questions, contact Citibank or the Department of Justice in Washington, D. C. As always, good luck.