Citi to pay Fannie $968 million for potential mortgage buyback claims (Reuters) - Citigroup Inc will pay Fannie Mae $968 million to resolve potential mortgage repurchase claims for breaches of representations on loans sold to the U.S. mortgage guarantor between 2000 and 2012. Substantially all of the payment is covered by reserves that were in place at the end of March, Citigroup said on Monday. The deal covers claims on nearly all of 3.7 million first mortgage ...
July 1, 2013 - Reuters via Yahoo! News
Citigroup Announces Agreement with Fannie Mae to Resolve Potential Future Mortgage Repurchase Claims Citigroup today announced an agreement with Fannie Mae to resolve potential future repurchase claims for breaches of representations and warranties on 3.7 million residential first mortgage loans sold to Fannie Mae that were originated between 2000 and 2012 .
July 1, 2013 - Business Wire via Yahoo! Finance