• Report: #331960
Complaint Review:

Citi - Citi Residential Lending - Citi Group - Ameriquest

  • Submitted: Sun, May 11, 2008
  • Updated: Sun, May 11, 2008

  • Reported By:Marco Island Florida
Citi - Citi Residential Lending - Citi Group - Ameriquest
P.O. Box 11000 Santa Ana, California U.S.A.

Citi - Citi Residential Lending - Citi Group - Ameriquest Preditory mortgage lending Santa Ana California

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Acorrding to differant people in the banking world, the type of mortgage that I have Citi, is considered a PREDITORY MORTGAGE. The interest rate is based on the European Libor rate plus 6.75% and not to excede 12%. After repeated calls to try and modify my loan to an agreed upon rate ( I am willing to pay a fixed 7% at this time when the prime is only 2%) so that they won't foreclose on my home, I have gotten nowhere.

This giant corporation sucks! The only differance between this preditory company and a sexual preditor is that Citi does it for money.

This Citi corporation has even taken hundred of millions in Federal monies under the Project Hope Program and put into their pockets so that they can show investors that their profit loss was not as bad as expected.

Marco Island, Florida

This report was posted on Ripoff Report on 05/11/2008 09:19 AM and is a permanent record located here: http://www.ripoffreport.com/reports/citi-citi-residential-lending-citi-group-ameriquest/santa-ana-california-92711-1000/citi-citi-residential-lending-citi-group-ameriquest-preditory-mortgage-lending-santa-331960. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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