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UPDATE: Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)
November 24, 2009 by admin · Leave a Comment
(Adds comments from Citigroup spokesman in the eighth and ninth paragraphs.) NEW YORK -(Dow Jones)- As unemployment rises, more borrowers need principal forgiveness on their mortgages, not just restructured loans, Citigroup Inc.’s ( C) mortgage chief said.
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UPDATE: Citi Says Mortgage Principal Forgiveness Must Rise (Nasdaq)