homeowner

Citigroup Down 0.3% as It Settles Claims Related to Texas Mortgage Assigner

Published on Tue, 02/08/2011 - 13:22
By Stephanie Shyu in General Interest, c, bank, bankrupt, c, citi, citigroup, claims, default, financial, fraud, homeowner, housing, lawsuit, mortgage, real estate, settlement, shares, texas, News Update

The most recent settlement involved a bankrupt homeowner who contested Citi's use of a Texas mortgage assigner, the report said.

Citigroup shares are down 0.31%, or $0.01, to $4.89.

citigroup, c, bank, fraud, settlement, lawsuit, mortgage, citi, claims, bankrupt, homeowner, default, texas, financial, real estate, housing, shares

Shares of Citigroup (C) are near the flatline as the bank settles fraud cases brought by borrowers who accused the bank of filing fraudulent mortgage documents, Bloomberg reports. Citi settled or lose at least five such claims in

By Stephanie Shyu
sshyu@fnno.com

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