Citigroup Inc., one of three mortgage lenders sued last year by Los Angeles for allegedly targeting minorities with “predatory” loans, lost its first attempt to dismiss the claims.
Wells Fargo & Co., the biggest U.S. residential lender, has stopped offering most customers the interest-only version of its home-equity line of credit.
Citigroup Inc., the third-biggest U.S. bank by assets, is cutting 950 jobs in default mortgage servicing after selling some business to Fannie Mae.
Citigroup Inc., the fifth-biggest U.S. mortgage originator last year, shut an office in Illinois and is eliminating jobs as rising mortgage rates drive off borrowers.
Citigroup Inc. is seeking to reverse the contraction of its U.S. mortgage business, partly by increasing purchases of home loans from other firms, according to Jane Fraser, who oversees the lending.
Burlington, Vermont, which was on the brink of a junk credit rating after diverting cash to a high- speed Internet project, has stepped away from the edge.
Citigroup Inc. , the third-largest U.S. bank, settled or lost at least five claims in 2010 brought by borrowers who accused the bank of filing fraudulent mortgage documents provided by a Texas firm.
JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. were among five banks sued by Massachusetts for allegedly conducting unlawful foreclosures and deceiving homeowners.
Bank of America Corp., JPMorgan Chase & Co. and three other banks agreed to pay $25 million to New York to resolve some monetary claims over the use of a mortgage database after reaching a $25 billion national settlement over foreclosure practices.
"We have more debt and more equity to arrange at this point, and we're working on that now."
- Mark Rodgers on Jul 01, 2014