Citi
announced a commitment to participate in the Treasury's 2MP second-lien modification program. In conjunction with the Home Affordable Modification Program, 2MP reduces payments on a second lien after homeowners receive loan modification on their first mortgage. "It is our priority and commitment at Citi to help homeowners in need," said
Vikram Pandit, Citi's CEO. "The 2MP program will further improve the affordability of mortgages and help families facing financial distress stay in their homes."