Citigroup to help 500,000 mortgage holders keep homesCitigroup Citigroup U.S. holding company formed in 1998 from the merger of Citicorp (itself a holding company incorporated in 1967) and Travelers Group, Inc. The $70 billion merger included one of the largest U.S. investment banks, Salomon Smith Barney Inc. on Tuesday Tuesday: see week. launched measures to help embattled em·bat·tled adj. 1. Prepared or fortified for battle or engaged in battle: embattled troops; an embattled city. 2. borrowers remain current on mortgage payments and avoid foreclosures on their homes. The US banking giant announced "a series of initiatives designed to proactively help potential at-risk at-risk adj. Being endangered, as from exposure to disease or from a lack of parental or familial guidance and proper health care: efforts to make the vaccine available to at-risk groups of children. borrowers remain current on their payments and ultimately in their homes." Confirming media reports, Citi will select 500,000 homeowners who are behind on their mortgage payments and threatened with losing their homes. Citi said it would renegotiate re·ne·go·ti·ate tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates 1. To negotiate anew. 2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. the payment terms on those mortgages, worth a cumulative 20 billion dollars in underlying mortgage balances. The bank said it would focus particularly on borrowers in areas "that are likely to face extreme economic distress." Several of the new initiatives build on efforts it has taken in the past two years to help keep homeowners from losing their homes, the bank said. 
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