Hints and tips:
...Worse, she took the top job at CitiMortgage just weeks after the now infamous “taper tantrum” of 2013, a policy mis-step by the US Federal Reserve that briefly caused interest rates to spike and dried up...
...A colleague who worked at CitiMortgage, the St Louis, Missouri-based mortgage bank that Ms Fraser was appointed to run in 2013, said she brought “a focus and an energy” to a battered division....
...It said in a statement that the move was designed “to simplify CitiMortgage’s operations, reduce expenses and improve returns on capital”....
...Prosecutors said the new case arose out of a whistleblower complaint filed by a CitiMortgage employee....
...Three of four lawsuits filed by the attorney against big lenders – CitiMortgage, Flagstar Bank and Deutsche – have been settled. A fourth suit, filed against Allied Home Mortgage, remains pending....
...“Those are the primary reasons why people are not taking advantage of the lower rates,” said Sanjiv Das, chief executive of CitiMortgage....
...They are backed by about 255 hybrid mortgage loans secured by first liens on one-to-two family homes, condominiums, co-operative units, planned unit developments and townhouses all originated by CitiMortgage...
...* Local consumer finance: including CitiFinancial and CitiMortgage in the U.S., and consumer finance operations in Western Europe, Japan, India, Mexico, Brazil, Thailand and Hong Kong....
...CitiMortgage intends to increase the level of loans sold to Agencies (e.g., Fannie Mae, Freddie Mac) or securitized to approximately 90% of production by Q3, up from 65% in 2007, and focus on originating...
...Bill will work closely with Jeff Perlowitz, the CMB head of Global Securitized Markets (GSM), to determine how to best integrate Citi Residential Lending’s origination and servicing functions and those in CitiMortgage...
...Citigroup will buy ABN Amro Mortgage Group in a deal that would add 1.5m customers to the CitiMortgage portfolio....
...At the auction, CitiMortgage will join a who’s-who of top lenders queuing up to get at least some of their money back from bad deals done in Ohio’s subprime crisis....
...Rose bought a spacious home there for $171,000 in December 2004 to share with her daughter, son-in-law and grandson with a $133,000 subprime mortgage from CitiMortgage....
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