According to Businessweek, Citigroup (C) agreed to pay Freddie Mac $395 million to resolve potential future repurchase claims tied to about 3.7 million loans sold to Freddie between 2000 and 2012.
The deal with Freddie Mac is “another important milestone in successfully resolving Citi’s remaining legacy mortgage issues,” Jane Fraser, chief executive officer of CitiMortgage, said.
The deal doesn’t release the bank from liability tied to servicing the loans. It excludes less than 1,000 loans from the period, and Citigroup said it believes it is adequately reserved for those.
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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