MUST READ! Dear Citigroup customer...

[Joanne98]

I have a friend "SK" who is a Certified Mortgage Planning Specialist in California. He has clients in existing ARMs with Citigroup. Those ARMs are about to reset and Citigroup has been sending out "Dear Customer" letters warning them of increases in loan rates.

This is where it gets interesting.

Citigroup has been warning customers of higher rates and is offering existing customers fixed rate mortgages at "special rates". The problem with the offer is the rates in question are about to reset lower, not higher. Yes I have proof.

Exhibit A
http://globaleconomicanalysis.blogspot.com/2008/03/dear-citigroup-customer.html

[EVDebs]

1. Kingdom Holdings owns 4%...I wondered about muslims charging usurious interest rates ! LOL !

The hypocrisy of it all is too much to bear,

Alwaleed, Kuwait throw Citigroup, Merrill Lifeline
http://www.gulfbase.com/site/interface/NewsArchiveDetails.aspx?n=51302

[Fridays Child]

2. Predatory bastards.

[PetraPooh]

3. Citimortgage bought my loan fixed rate & there is nothing I can do about it. But, rrrrg. I'm po'd.

[Thickasabrick]

4. I adore Mish n/t

[Joanne98]

5. Me too, it's a great blog.