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Citi To Pay Fannie $968M For Potential Mortgage Repurchase Claims

Jul 1, 2013 | Reprints | Unlock Link | Print

Citigroup Inc. will pay Fannie Mae $968 million to resolve potential mortgage repurchase claims for breaches of representations on loans sold to Fannie Mae between 2000 and 2012.

Citi will record a residential mortgage repurchase reserve build of $245 million in the second quarter of 2013.

Residential Real Estate

Citi To Pay Fannie $968M For Potential Mortgage Repurchase Claims

by Banker & Tradesman time to read: <1 min

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Citi To Pay Fannie $968M For Potential Mortgage Repurchase Claims

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Citi To Pay Fannie $968M For Potential Mortgage Repurchase Claims