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Loan Modification

: Mortgage Lender Implode-o-Meter

CitiFinancial to pay $1.25 million for mortgage disclosure violations

By Implode-Explode Heavy Industries

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"The $1.25 million penalty is the largest ever related to the Home Mortgage Disclosure Act, said Steven L. Antonakes, the Massachusetts commissioner of banks. The states involved in the settlement, including Maryland and Virginia, can use the money for investigations or educational purposes or add it to their general funds."

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2010 (boomark / email).

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