Most Popular Stories

  1. SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
  2. Social Media Initiatives Should Follow Customers' Lead
  3. Apple CEO: Offshore Units Not a 'Tax Gimmick'
  4. U.S. Senate Accuses Apple of Large-scale Tax Avoidance
  5. UTEP Water Recycling Project Wins Venture Titles
  6. Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
  7. Bieber Booed at Billboard Awards
  8. Crude Oil Up, Gasoline Down
  9. Austin Startup Compare Metrics Raises $3.5 Million for Expansion
  10. Why So Many Top 'Car Guys' Are Actually Women
More Headlines...
News-To-Go
Newsletters and Email Alerts RSS Feeds
News Column

Program to Help Florida Homeowners

Aug. 9, 2012

Paul Owers

CitiMortgage announced a pilot program Wednesday in which troubled borrowers can stay in their homes through a deed for lease.

About 500 homeowners in Florida and five other states hit hard by the housing crash are eligible. Borrowers must occupy the homes and be unable to get loan modifications, among other requirements.

Bank of America previously announced a similar program.

The CitiMortgage pilot, which will be managed by Carrington Capital Management, also is being tested in Arizona, California, Texas, Nevada and Georgia.

-- Paul Owers



Source: (c)2012 the Sun Sentinel (Fort Lauderdale, Fla.). Distributed by MCT Information Services


  1. New Florida Home Sales Stick to Upward Trend
  2. Bank Executives Rethink Mergers and Acquisitions
  3. New Macs Will Be Made in Texas, Apple CEO Says
  4. Nothing Impresses a Client Like Lamborghini
  5. Congressional Notables Participates at Jewish American Heritage Luncheon
  6. Thunder on the Rock bike rally, festival returns to Monteagle this weekend
Comments
Story Tools
© 2013 HispanicBusiness Inc. All Rights Reserved.