Citigroup Subsidiary Sued Over Mortgage-Backed Securities Losses

NEW YORK - U.S. Bank National Association, as trustee of a mortgage loan trust, sued a Citigroup Inc. subsidiary on Oct. 31, alleging that the subsidiary breached its representations with regard to a mortgage loan purchase agreement and pooling and servicing agreement for residential mortgage-backed securities (U.S. Bank National Association v. Citigroup Global Markets Realty Corp., No. 653816/2013, N.Y. Sup., New York Co.).

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