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Real Estate & Property Law

: Housing Wire

Correspondent Lending Thaws at Citi

By DIANA GOLOBAY

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Citigroup (C: 2.79 -3.13%) today takes its correspondent lending channel off of a temporary suspension. On June 23, Citi froze the business over “quality control” issues surrounding documentation of appraisals or income verification seen in — or missing entirely from — previous mortgages purchased from independent mortgage bankers and other originators through the channel. A Citi spokesperson [...]

Full post as published by Housing Wire on July 06, 2009 (boomark / email).

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