Citigroup has committed to participate in 2MP, the second-lien program of the U.S. government’s Home Affordable Mortgage Program (HAMP).
The firm, which was among the first mortgage servicers to sign on to HAMP, has helped more than 825,000 families avoid foreclosure since 2007.
Citi has introduced such programs as the Citi Homeowner’s Assistance Program, the Citi Unemployment Assist Program, and most recently, the launch of the Citi Foreclosure Alternatives Program.
“It is our priority and commitment at Citi to help homeowners in need,” said Vikram Pandit, chief executive officer of Citi. “The 2MP program will further improve the affordability on mortgages and help families facing financial distress stay in their homes.”