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Citigroup Slapped with $8.6 Million Fine From Federal Reserve

Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]

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Citigroup Slapped with $8.6 Million Fine From Federal Reserve Read Post »

For Violating SCRA, Banks To Pay $311M To 2,413 Servicemembers

Banks To Pay $311 million For Violating SCRA By Illegally Foreclosing On 2,413 Service Members  The U.S, Department of Justice announced last week that SCRA violations by five major servicers now totals $311 million. The funds are also available to 2,413 members of the military who’s rights were violated under the SCRA. Five major banks

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For Violating SCRA, Banks To Pay $311M To 2,413 Servicemembers Read Post »

Abandoned Properties

Citigroup Neglected To Pay 23,000 Consumers For Abusive Foreclosure Practices

Government Audit Shows Citigroup Neglected Paid Nearly $20 Million Two years after Citigroup Inc. was punished for widespread foreclosure abuses and still owes TARP bailout money to taxpayers, is finally getting around mailing settlement checks to 23,000 of its customers for foreclosure abuses. Citigroup missed about 23,000 borrowers who were owed compensation and is now preparing

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Citigroup Neglected To Pay 23,000 Consumers For Abusive Foreclosure Practices Read Post »

Citigroup

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21

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Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights Read Post »

See I Told You The Mortgage Settlement Was Horse Pucky

Mortgage Settlement Is Garbage Last year, when the 49-state AG mortgage agreement with the banks was signed, corporate media praised it, Obama almost broke out his happy feet and mortgage activists celebrated with tears of joy as if it was their favorite contestant won American Idol. But buried deep below all the hoopla from the

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