Jan. 8 (Bloomberg) — Citigroup Inc., which serviced about 7 percent of all U.S. mortgages last year, agreed to support federal legislation that will let bankruptcy courts reset mortgage rates for borrowers at risk of losing their homes.

Read more

This entry was posted on Monday, January 12th, 2009 at 2:48 am and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed.