Citigroup has been one of the most successful lenders in the Making Home Affordable Program, as they have seen the number of home loan modifications made rise over the last few months. Citigroup still has more work to do as there are more homeowners in the trial phase of the modification program, and there are homeowners that are still becoming delinquent in their mortgages and in need of assistance.
However, many people have grown frustrated with the Making Home Affordable Program and things like long trial periods and denial of a permanent modification has caused many homeowners to question the home loan modification program’s usefulness.
There have been problems like second liens on homes and underwater mortgages to contend with and homeowners are growing more annoyed at the housing market as the weeks go by.
Yet, mortgage lenders like Citigroup are still making progress with home loan modifications and they are working with underwater homeowners and those who may have a second lien on their home, causing trouble in the modification program.
Homeowners with Citigroup shouldn’t lose heart though, as there are steps being taken forward. Although the modification program may be a tough road to travel, it will be well worth it if you can avoid losing your home.