Breaking News

Citi to pay Fannie $968 million in toxic mortgage deal

Citigroup yesterday climbed out from under toxic mortgage claims stretched out over 12 years by agreeing to pay Fannie Mae $968 million.
The deal covers 3.7 million home loans Citi originated from 2000 to 2012 and then sold to the government-sponsored entity.
Many of the loans were flawed and… …read more
Source: NY Post

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Posted by on July 2, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.