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Tag Archives: Mortgage-Backed Securities

Monitor Credits Citi With $162 Million Toward Settlement Obligation

HELOC

Citigroup earned credit for $162.7 million in consumer relief toward fulfilling its $2.5 billion obligation under the terms of a July 2014 settlement with the U.S. Department of Justice and five states for selling toxic residential mortgage-backed securities to investors before the financial crisis, according to a report from the settlement monitor released Thursday.

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