Citigroup finally expands mortgage modification staff, but is it too late?

Citigroup (C) has hired 1,400 more employees to ramp up its mortgage modification troops and work more quickly with homeowners who could benefit from President Obama's Home Affordable Modification Program.

But, unfortunately for many homeowners, it may be too little too late. Banks have been dragging their feet on implementing this program since it was first announced in February.