Citi issues statement on mortgage foreclosure moratorium

Today's announcement expands on Citi's current foreclosure moratorium in which Citi does not initiate or complete a foreclosure sale on any eligible borrower where Citi owns the mortgage, the borrower is seeking to stay in the home, which is his or her primary residence, is working in good faith with Citi and has sufficient income for affordable mortgage payments. "Since the start of the housing crisis in 2007, Citi has worked successfully with approximately 440,000 homeowners to avoid potentia

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