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Real Estate & Property Law

: Housing Wire

Citi Freezes Correspondent Lending Division

By DIANA GOLOBAY

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[Update 1] Citigroup (C: 3.04 +1.00%) last night put mortgage applications in its correspondent lending channel on hold for eight days, citing a re-engineering and tightening of the standards involved with the loans. A spokesperson confirmed to HousingWire the company entered the temporary suspension over “quality control” issues surrounding documentation of appraisals or income verification seen in [...]

Full post as published by Housing Wire on June 24, 2009 (boomark / email).

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