Bank Begins Program To Rent Foreclosed Homes

6:28 PM, Aug 10, 2012   |    comments
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WASHINGTON, DC (WUSA) -- Citigroup is out with a new plan to help keep families at risk of foreclosure in their homes. 

The bank just started a rental program.  It will rent out 500 homes to the owners. 

But, there is a catch.  Citigroup won't own the homes. 

A separate investment group will.  And, that group could come up with it's own rules.