Google+
  • Ocwen16.01-5.89 -26.89%
  • Zillow107.89-1.01 -0.93%
  • Trulia46.47-0.61 -1.30%
  • NationStar28.22-3.80 -11.87%
  • CoreLogic31.90+0.32 +1.01%
  • RE/MAX34.59+0.35 +1.02%
  • Fannie Mae2.19-0.07 -3.10%
  • Freddie Mac2.15-0.07 -3.15%
  • Wells Fargo54.97+0.52 +0.96%
  • CitiMortgage53.96-0.05 -0.09%
  • Bank of America17.71+0.09 +0.51%
  • Fidelity National Financial33.74-0.04 -0.12%
  • First American33.24+0.15 +0.45%
  • AUDUSD=X0.8129N/A N/A
  • USDJPY=X120.117N/A N/A
  • WP Stock Ticker
Home | Tag Archives: Citigroup

Tag Archives: Citigroup

House Oversight Committee Wants Securities Settlement Documents

CapitolHill

The ongoing tension between the Justice Department and the House Oversight Committee saw a new development this week as Rep. Darrell Issa (R-California), committee chair and vocal critic of Attorney General Eric Holder, requested the department turn over all of its documents related to its recent securities settlements with JPMorgan Chase and Citigroup.

Read More »

Citigroup Announces Effect of Settlement on Q2 Earnings

Citi

Citigroup's second-quarter profits took a major hit as the bank announced a settlement with the government to resolve securities claims. Citi released its quarterly earnings report Monday morning, posting net profit of $181 million—a decline of 96 percent compared to earnings of $4.2 billion a year ago.

Read More »

Citigroup Reports $3.9B in Quarterly Profits

Citigroup reported Monday profits of $3.9 billion in Q1, just barely edging out last year’s income of $3.8 billion. Gains were more impressive when put next to Q4’s earnings, which disappointed at $2.5 billion. The gain came despite a year-over-year drop in total revenues, which were down 1 percent to $20.1 billion as a result of declines in fixed income markets revenues and lower refinancing activity.

Read More »

Los Angeles Sues Nation’s Largest Banks

The city of Los Angeles has launched a series of lawsuits against three of the nation's largest banks alleging they persisted in discriminatory lending practices that contributed to more than 200,000 foreclosures between 2008 and 2012 that cost the city more than $1.2 billion. The lawsuits charge all three banks with redlining and reverse redlining; the banks, however, deny the allegations.

Read More »

Treasury Adds New Compliance Metrics to Making Home Affordable

The servicer assessment component of the Making Home Affordable (MHA) program has been enhanced with new compliance metrics and benchmarks to measure the impact of servicer performance on the borrower's experience. Individual servicer assessments are conducted quarterly to identify areas of non-compliance and drive improvements in servicers' execution of the federal program.

Read More »
Scroll To Top