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Citi to shell out $7bn over mortgage bonds -- and more mortgage cases are on the way

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Mortgage Professional America | 14 Jul 2014, 10:39 AM Agree 0
Citigroup has agreed to shell out $7 billion to settle allegations that it sold shoddy mortgage bonds in the run-up to the financial meltdown – and more mortgage-related litigation is on the way
  • mmt110 | | 14 Jul 2014, 11:58 AM Agree 0
    Where does the 7B actually go? 4.5B in cash. And 2.5B to consumer relief (which consumer - the borrower or the MBS investor?). I'd like to know the accounting on that from the DOJ.
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