Payments From Citi

Gee!After all this time without posting any new info, we've got two in two days. Like yesterday's posting, today's announces expected large payment sums from Citi. Yesterday's had the cash coming from Chase. Today's announcement is from Citi to the effect that they're preparing to make a total of $20 million in payments to homeowners who were previously 'overlooked' when 2013's lender settlement-based payments were passed out. How you can 'overlook' $20 million in obligations I don't know, but I guess when your overall obligations top the hundreds of billions, the number $20 million becomes so relatively small that overlooking it is a possibility. Anyway, to get right to the point, Citi is making payments to its present and former mortgage customers of between a few hundred Dollars and $125,000 per borrower. No, you don't get o choose the size of your award--that's based upon exactly what violation was involved in the individual case. Mark Rodgers of Citibank is overseeing the payments. So, two bits of advice here: 1.) if your mortgage was/is with citi, you may want to contact the bank to see if you're on the payment list; and 2.) try directing your call to Rodgers to get immediate attention and deal with someone who is supposed to be aware of the facts in all cases. Hey, you could do worse than calling him. As always, Good Luck!