BREAKING: Citigroup said to offer $63 billion in mortgage-servicing rights

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BREAKING: Citigroup said to offer $63 billion in mortgage-servicing rights

BREAKING: Citigroup said to offer $63 billion in mortgage-servicing rights

They are also facing U.S. MBS probe.

 

Bloomberg-

Citigrouproup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, its largest potential sale of this type since the 2008 financial crisis, according to two people briefed on the offer.

The servicing rights, or MSRs, represent about 21 percent of Citigroup’s total contracts as of midyear, and could be sold in pieces, said the people, who asked not to be identified because the sale is private.

[BLOOMBERG]

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One Response to “BREAKING: Citigroup said to offer $63 billion in mortgage-servicing rights”

  1. TheHutMaster says:

    The headline should read “Criminal CiTi” to OFFLOAD their garbage before someone notices their crimes.

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