31 Jan

Citi Exiting Mortgage Servicing Business

Citi Exiting Mortgage Servicing Business
Citigroup Inc.’s home-lending unit has reached two separate agreements that will effectively get it out of the mortgage servicing business. A statement Monday from the New York-based firm said CitiMortgage Inc. has reached an agreement to sell MSRs and the …
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Mortgage News


Another mortgage bubble to pop?
A $ 90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market. It’s getting harder for landlords who rely on borrowed cash to find new loans to pay off the old …
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The Journal Gazette


RBS earmarks further £3bn for mis-sold US mortgage claims
Royal Bank of Scotland has set aside another £3.1 billion ($ 3.8 billion) to settle claims from US authorities that it mis-sold risky mortgage securities in the run-up to the financial crisis. The taxpayer-backed lender said the provision takes its total …
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The Scotsman