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11/11/2008 News For:

Mortgages In Arizona

Citi to help at-risk borrowers stay in homes  NEW YORK ? Citigroup said it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes ? making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.

Citigroup to help at-risk borrowers stay in homes  NEW YORK - Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes ? making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.

Citi Will Halt Some Foreclosures, Rework Mortgages (Update1)  Nov. 11 -- Citigroup Inc. , the fourth-biggest U.S. bank by market value, said it will halt certain foreclosures as the firm modifies about $20 billion in mortgages, following similar moves by its largest rivals.

Debt Due in Europe Totals $2.1 Trillion Through 2011, S&P Says  Nov. 11 -- Companies in Europe face ``substantial refinancing risk'' as a total $2.1 trillion of debt matures though 2011, according to a Standard & Poor's report.

Obama seeks new approach in Afghanistan: report   President-elect Barack Obama plans to try a more regional approach to the war in Afghanistan including possible talks with Iran, The Washington Post reported on Tuesday, citing national security advisers to Obama.

Lloyds TSB stops issuing mortgages for UAE flats  Lloyds TSB Middle East has stopped granting mortgages for UAE apartments and is now requiring a 50% down payment for villas. The bank says it has altered its mortgage product offering due to 'exceptional market conditions'.

European Bonds May Gain Before Likely Drop in German Sentiment  Nov. 11 -- European government notes may rise for a fifth day before a report that will probably show business confidence in Germany, the region's biggest economy, stayed near a record low this month.

As Housing Tide Receded, California Town Was Left Stranded  In Mountain House, Calif., almost 90 percent of homeowners owe more on their mortgages than their houses are worth, forcing a slowdown of the local economy.

Citi to modify $20 billion in home loans  Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes.

Citigroup to offer help to 500,000 risky mortgage customers  The plan is targeted at homeowners who are current on their payments but might be in trouble later. The effort will focus on areas whose home values have fallen, including California. Citigroup Inc. today plans to announce a six-month program to reach out to 500,000 high-risk mortgage customers who are current on their payments but someday may require loan modifications to stay in their ...