Citibank Defends Further Staffing Reductions At Citimortgage Citibank has cut staffing levels at Citimortgage for the third time in 9 months. Citi claims letting go of the 100 employees was to “streamline internal functions.” However, it probably has more to do with surging rates and a reorganization of its operations. Citibank claims it is working […]
Citibank Slapped With $30 Million Fine For Leaving Hundreds Of REO Properties Vacant Past The 5-Year Limit Federal banking regulators have slapped Citibank with a $30 million fine. An investigation found that the bank was not selling foreclosed homes back into the market fast enough. The Office of the Comptroller of the Currency announced it […]
Piss Off The Foreclosure Mill, Delay Your Foreclosure The Consumer Financial Protection Bureau or CFPB has a website to stop a foreclosure. Most homeowners don’t know about the site. It allows you to file a complaint against your mortgage lender or mortgage servicer. It also allows you to file a complaint against the servicer’s attorney. […]
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