Posts Tagged ‘mortgages’

Citi Suspends Mortgage Apps Over Missing Documents; Questions Raised

Thursday, June 25, 2009 10:40 No Comments

Citigroup has suspended mortgage applications at a unit which produced nearly $58 billion (half of the their mortgage business)  after the bank discovered that  income verifications and property appraisals were ‘missing.’ Other missing information includes employment verifications, phone numbers, credit reports and rent verification.
In a letter to clients, Citigroup stated that the division has stopped [...]

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