Citigroup just announced that they are going to try and help the unemployed by lowering their monthly mortgage payments to an average of $500 a month for up to three months.
Citigroup has been in experiencing some hardships lately and with the recent US Government bailout they received, this will be the 3rd try at saving the financial institution in the last five years.
This could be good news for those who may just be down on their luck in the current job market but for those who have been out of work for some time, it may provide little help in the long run.
