Citigroup (C) urges banks to step up principal forgiveness on mortgages for homeowners bowed by...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) urges banks to step up principal forgiveness on mortgages for homeowners bowed by unemployment. Citi, the only big bank disclosing quarterly reports on how it's helping borrowers, says it helped 130K homeowners with $20B in mortgages outstanding avoid potential foreclosure in Q3 - up 20% from Q2.