1 Articles match "ARM","National City","Ohio"
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Lenders help their customers curb foreclosures
To prevent potential problems, National City Corp. — headquartered in Cleveland, Ohio — is working with churches, social workers and the United Way to help troubled borrowers avoid foreclosure. is allowing some borrowers with adjustable rate mortgages (ARMs) to refinance into a different loan at no cost, and CitiMortgage is contacting delinquent borrowers within days after a missed payment. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. Banks are increasingly testing
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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The Best from RealtyTrac
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MORE
|
-
Lenders help their customers curb foreclosures
To prevent potential problems, National City Corp. — headquartered in Cleveland, Ohio — is working with churches, social workers and the United Way to help troubled borrowers avoid foreclosure. is allowing some borrowers with adjustable rate mortgages (ARMs) to refinance into a different loan at no cost, and CitiMortgage is contacting delinquent borrowers within days after a missed payment. As borrowers falling behind on their mortgage payments increase in number, they are getting help form an unlikely source — the mortgage industry. Banks are increasingly testing
www.foreclosurepulse.com
- Tuesday, December 16, 2008