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Loan Modification

: Loan Modification & Home Loan News

CitiMortgage finally admits to problems in foreclosure paperwork filings

By Evan Bedard

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Citigroup, which for almost two months has claimed its process for preparing foreclosure affidavits was sound, is reviewing about 14,000 documents, including 4,000 that may have been notarized improperly, a company official said in written testimony to Congress to be delivered Thursday. Unlike other large mortgage servicers it competes with, Citi had not frozen foreclosures [...]

Full post as published by Loan Modification & Home Loan News on November 19, 2010 (boomark / email).

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