own to rent Archives

Citigroup tries new approach: Own to rent

Citigroup will try something new to keep struggling homeowners out of foreclosure: turn them into renters. CitiMortgage announced the program Wednesday and painted it as a way to help homeowners stuck in houses they can’t afford. The New York-based bank, however, won’t manage the program. Instead, it is handing the reigns to an investment firm.… Read More →