Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry

by Fraud Stoppers Admin | May 23, 2017 | Foreclosure Defense News, Tactics, and Tips

Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry But no jail time… For years, Citigroup employees feared that millions of dollars the bank was moving to Mexico might be suspicious. Yet in many cases, the bank did not alert regulators or step up...

Citigroup to exit U.S. mortgage servicing operations by 2018

by Fraud Stoppers Admin | Jan 31, 2017 | Foreclosure Defense News, Tactics, and Tips

Citigroup Inc (C.N) said on Monday it would speed up the transformation of its U.S. mortgage business by exiting servicing operations by the end of 2018. Citi said it would sell its mortgage servicing rights on about 780,000 Fannie Mae and Freddie Mac loans of...

Citigroup : fined $28.8 million for harm to home borrowers

by Fraud Stoppers Admin | Jan 25, 2017 | Foreclosure Defense News, Tactics, and Tips

Citigroup Inc (>> Citigroup Inc) mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the U.S. consumer finance watchdog said on Monday....

Citigroup Says CFTC Investigating Banks’ Interest-Rate Swaps

by Fraud Stoppers Admin | Nov 9, 2016 | Foreclosure Defense News, Tactics, and Tips

Citigroup Inc. said Monday that it is cooperating with an industrywide investigation of interest-rate swaps. The bank said in a quarterly securities filing that the Commodity Futures Trading Commission is investigating “the trading and clearing of interest rate swaps...

Citigroup Told Couple NOT to Pay Mortgage While Refinancing. Then They Got a Letter That Ruined Their Lives

by Fraud Stoppers Admin | Nov 4, 2016 | Foreclosure Defense News, Tactics, and Tips

Here we go again with the same repeated offender bankster: Dual Tracking!!!! When Elizabeth and David Ball fell onto financially hard times after David lost his job in 2014, they decided to undergo a home loan modification. Upon starting the process with CitiMortgage,...