Loan Modification Sites » government stake in citi http://www.loanmodificationsites.com Tue, 27 Apr 2010 22:26:59 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Loan Modification News – Changes To Help Modify Your Loan http://www.loanmodificationsites.com/loan-modification-newsandchanges-to-help-modify-your-loan/ http://www.loanmodificationsites.com/loan-modification-newsandchanges-to-help-modify-your-loan/#comments Tue, 24 Feb 2009 03:57:40 +0000 admin http://www.loanmodificationsites.com/?p=74 wells fargo loan modificationThe past week, a lot of changes have been made in Washington and it looks like many more are to come in helping consumers to modify their loans. Last week, President Obama announced his initiative to get all commercial banks to work with customers and their mortgages to find a result that is fair to both the lending institution and the consumer.  Considering many of the banks are receiving government aid (or will be shortly), a lot of the banks are already required by the government to work with customers in loan modification.  Also, it is rumored that the recent decision for Citi bank to allow bankruptcy judges to modify loans may spread over to other lending institutions in the near future.

Over the weekend, the possibility of the government taking a large stake in Citi bank was disucussed.  This is a big move for banks as it is one step closer towards nationalization.  The more control government has on lending institutions, the more probably they will be to work with you in your mortgage.  Interest rates are at record lows, so it is a great time to consider to modify or refinance your loan today.  Click here to modify your loan today!

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