CitiMortgage Offers Assistance to Troubled Borrowers by Hosting Call-A-Thon

Things aren't moving along all that swimmingly in the loan modification world. The number of proprietary loan modifications – those conducted by lenders themselves rather than a government program -- fell by almost 14% in October, according to the Hope Now alliance. At least in part, the decrease can be tied to the robo-signing controversy and the fact that large lenders suspended foreclosures to investigate.

Government mortgage modification programs aren't helping that many homeowners, either. HAMP – the Home Affordable Modification Program – was once expected to stave off three to four million foreclosures. Today, that expectation has fallen to around 800,000, with only about a half million permanent modications made thus far.

To help troubled homeowners, the folks at CitiMortgage, one of the largest mortgage lenders in the country, have decided to take matters into their own hands by hosting a Call-a-Thon.