Reuters: Regulatory News: Citi to pay Fannie $968 mln for potential mortgage repurchase claims

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Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Citi to pay Fannie $968 mln for potential mortgage repurchase claims Jul 1st 2013, 12:53 July 1 | Mon Jul 1, 2013 8:53am EDT July 1 (Reuters) - Citigroup Inc will pay Fannie Mae $968 million to resolve potential mortgage repurchase claims for breaches of representations on loans sold to Fannie Mae between 2000 and 2012. Citi will record a residential mortgage repurchase reserve build of $245 million in the second quarter of 2013.

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