Litigation

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Mortgage Meltdown Litigation Pays Hundreds Of Millions To Injured Plaintiffs
Posted on 6 Apr 2012 by LexisNexis Litigation Resource Community Staff

The economy seems to be heading at last into recovery territory, and the mortgage crisis that began in 2007 is starting to seem like old news. But the effects of the lax underwriting standards and other questionable loan practices that spawned the crisis... Read More

Tags: Citigroup , mortgage industry , CitiMortgage , settlements , verdicts , Fraud , Massachusetts Bricklayers and Masons Trust Funds , Litigation , Deutsche Alt-A Securities , securities class action , LexisNexis Jury Verdicts and Settlements

Citigroup Inc. To Pay $158 Million To Settle Mortgage Lending Lawsuit
Posted on 16 Feb 2012 by Shane Dilworth

NEW YORK - (Mealey's) Citigroup Inc. on Feb. 15 agreed to pay $158.3 million to resolve a lawsuit brought by the federal government accusing the bank of failing to comply with Housing and Urban Development and Federal Housing Administration regulations... Read More

Tags: Federal Housing Administration , mortgage loans , Citigroup , mortgage lending , CitiMortgage , mortgage insurance , United States ex rel. Sherry A. Hunt v. Citigroup Inc. , bank , FHA , HUD , Litigation , lawsuit , Citibank , Housing and Urban Development