In a preliminary review of its third quarter foreclosure prevention data in the Florida housing market, Citigroup Inc. (C) announced its activities in the Sunshine State successfully helped distressed homeowners avoid potential foreclosure at nearly three times the rate of a year ago. New third quarter data shows that Citi's loss mitigation successes in the state outnumbered foreclosures completed by a ratio of almost 16 to one compared to almost six to one in the third quarter of 2008. Citi manages a $750 billion mortgage portfolio of loans it owns or services.
Since the beginning of the mortgage crisis in early 2007, Citi has helped about 715,000 distressed homeowners across the country with underlying mortgages of nearly $79 billion avoid potential foreclosure and stay in their homes.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.