Citi Unit Pays $158.3 Million For Treating HUD Insurance Like 'House Money' |
| February 15, 2012 | February 2012 Bond Updates |
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Another day, another mortgage settlement from a major U.S. bank. After last week's $25 billion settlement over improper foreclosure practices between five banks and state and federal authorities, Manhattan U.S. Attorney Preet Bhara announced a $158.3 million settlement with a Citigroup mortgage subsidiary over failing to comply with requirements for government loan insurance. |
| View more at: http://www.forbes.com/sites/steveschaefer/2012/02/15/citi-mortgage-settles-house-money-fraud-case-for-158-million/ |
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