Citi Sells 500 Troubled Mortgages To Return-Hungry Hedge Funds

Forbes – Here’s one free-market solution to the housing crisis: Keep troubled borrowers in their homes by turning their homes into rental properties.

Citi announced today launched a program for homeowners facing foreclosure. The pilot program is being tested in Arizona, California, Texas, Florida, Nevada and Georgia, and aims to help 500 homeowners at the start.

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