What do you think of $500 off your current mortgage payment? If you think this is a big relief for your monthly payments, especially if you are currently unemployed, then you are reading the right article. This is all about the Citigroup loan modification, a program that can reduce your monthly payment slashing off $500 from your loan.

Click here to get loan modification help today!

The program is called the Homeowner Unemployment Assist Program, available to those who meet the qualifications based on the following:
- House on mortgage is a primary and permanent residence
- Be 60 days or more delinquent on payments
- Having a first mortgage owned and serviced by Citigroup
- Job loss due brought about by the recession

The Citigroup loan alteration is a temporary solution to financial crisis affecting the payments of monthly mortgage. The lowered or modified payments are good for 3 months, and other fees and charges are waived. After 3 months, when the homeowner has a new job, then the regular payments will resume. Alternatively, the borrower can apply for a long-term loan modification. If however, after 3 months the homeowner is still unemployed, the mortgage plan will be reviewed to consider the eligibility of a long-term help. Of course, the homeowner must be able to meet Citigroup's criteria for its loan alteration program.

Citigroup also has a Homeowners Assistance Program that offers help to those who may not exactly be delinquent in their payments but are besieged with their financial obligations. This alternative Citigroup loan modification program offers home

retention solutions to qualified borrowers.

Citibank (citigroup) Bailout?

So, the big three automakers had to go back to the designing board, draw up some plans that would show long-term viability and get back with Congress December 2nd. If all the hype and plans look good, then you and I (the taxpayers) might loaned them something like $25 BIG ones, as in billions, to tide them over the holidays. Oh yeah, and did you hear that GM reduced their corporate fleet of executive planes from 5 to 3? So, who's NEXT for a bailout?

Citibank-Citigroup! Do you have the next number? Come on down! :-(

Citigroup has more than $2 trillion of assets, dwarfing companies such as American International Group Inc. that got U.S. support this year. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke may favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.’s bankruptcy in September. Hey, if AIG deserved a loan, why not Citigroup?

“There is no question that Citi is in the category of ‘too big to fail,’” said Michael Holland, chairman and founder of Holland & Co. in New York, which oversees $4 billion. “There is a commitment from this administration and the next to do what it takes to save Citi.” Really, and is SIZE the minimal requirement for bailout bonds?

While Citigroup executives say the company has adequate capital and liquidity to ride out the crisis, its tumbling share price may shake the confidence of creditors, clients and rating agencies. A similar scenario played out at Lehman, when Chief Executive Officer Richard Fuld declared the firm was “on the right track” five days before the firm went bankrupt. Citigroup stock is now trading below $4 a share. Who would have ever thought we'd see 1,028,692,888 shares traded as we did last Friday?

Friday's close was $3.77, down 0.94 a share or down 19.96% Not a pretty picture.

Citigroup CEO Vikram Pandit told employees today that he doesn’t plan to break up the company, aiming to reassure workers as the stock resumed its skid. Pandit and Chief Financial Officer Gary Crittenden, speaking on a worldwide conference call this morning, also said they don’t expect to sell the Smith Barney brokerage unit, according to two people who listened to the call and declined to be identified because it wasn’t open to the public.

Isn't that the same kind of assurances we got from AIG, Freddie Mac, and Fannie Mae...............just before being bailed out by you and I- the taxpayers?

Citigroup Loan Modification - 5 Must Know Tips to Apply For Help

Struggling with an unaffordable mortgage and trying to a Citigroup loan modification? Well, before you begin the application process, there are some very important tips you should know to help increase your chances of approval. Citigroup has a loan modification program designed to offer assistance to 500,000 at-risk borrowers, but there are certain qualifications that must be met before a loan workout will be finalized.

Here are 5 Must Know Tips to help you get the loan Citigroup loan modification you need:

1. Interested borrowers must provide a loan modification application that includes several forms-including an explanation of the homeowners financial hardship, a borrowers statement application form, and financial statements. These forms must be completed properly so that they will meet the banks guidelines for approval.
2. Homeowners will be asked to provide proof of their income and their recent bank statements to verify the information provided in the application. A credit report will also be run to confirm the accuracy of information provided by the borrower.
3. The loan modification proposal will be structured to reach a new mortgage payment equal to 40% of the borrowers gross monthly income. Learn how to calculate your own debt ratio and help you arrive at your new, target monthly house payment so that you will be able to meet this guideline.
4. A combination of various methods will be used to reach the target payment, including lowering the interest rate, lengthening the loan term and finally reducing the loan balance with principal forbearance.
5. The loan modification application will be reviewed and a determination will be made based largely on the information the homeowner provides. Borrowers can learn how to complete the paperwork and submit an acceptable application by following step by step directions.

This Citigroup loan modification outreach is being offered to all customers, but is focusing first on areas with high unemployment and where housing values have fallen substantially. Homeowners who credit ratings have dropped or who are showing other signs of financial stress may also be candidates. Interested borrowers should be proactive and begin by learning who will qualify for this loan modification program, understand how to complete the required paperwork properly and then be prepared to submit their own application to Citigroup for a loan workout. Not all borrowers will qualify, so it is important to know and understand how to meet the banks guidelines and submit an accurate and acceptable application for loan modification help.

You can get the help you need to understand the Citigroup loan modification process by ordering and downloading The Complete Loan Modification Guide. This is a low cost, easy to read handbook that will provide you with everything you need to prepare a professional and acceptable loan modification application. You are provided with all of the necessary forms and given detailed directions on how to complete them properly. The Complete Loan Modification Guide will take you step by step through calculating your debt ratio, completing the financial statements, writing your hardship letter and then putting it all together to submit to your lender. Get started today on your Citigroup loan modification application-order and download The Complete Loan Modification Guide.

Citigroup Loan Modification - What Citigroup Can and Cannot Do

Are you behind on your home mortgage with Citigroup? If so, this is certainly a stressful time for you and your family. The uncertainty and stress seem to take over your everyday life while you try to work out a solution. You may have heard about President Obama's Making Home Affordable Program. If you qualify, could you get a Citigroup Loan Modification through this government program?

The MHA program has been in existence since February 2009, and it will expire on December 31, 2012. During that period, it is estimated that 3-4 million people will have gotten loan modifications and saved their homes from foreclosure. Over a million people have already saved an average of over $500.00 a month on their monthly house payments.

Fortunately, Citigroup is participating in the program; they are on the approved lender list. If you meet the application guidelines of the government program, you can apply. You will apply directly to Citigroup. There is no governmental agency where you apply, although the Department of Housing and Urban Development (HUD) can assist you with counseling, if needed.

Citigroup can work out your mortgage problems through this program. They will receive a $1000 incentive for completing this mortgage modification for you. The loss mitigation department at Citigroup does have the final approval authority, but they have the ability to do this loan modification for qualified applicants.

They are obligated to forgive your late fees and penalties when they rewrite your mortgage through this program. They also must consider your eligibility for a Citigroup Loan Modification through the Making Home Affordable Program before they begin any foreclosure proceedings.