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Citi to pay $7 bln to settle securities investigation

Jul 14, 2014 - 9:30 AM - by AngelinaCat
July 14 (Reuters) - Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.

The settlement figure was more than twice what many analysts expected earlier this year but less than the $12 billion the government had sought in negotiations with the bank.

Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter.... [Read More >>]
  0 Replies | 265 Views


3 reasons you shouldn't refinance

Jul 02, 2014 - 10:53 AM - by AngelinaCat
Here's help deciding if and when you should make this mortgage move.

By MSN Real Estate partner 17 hours ago July 1, 2014

By AJ Smith, Credit.com

Calculating how much house you can afford is, for many of us, one of the toughest decisions we face in adulthood. How we finance that home can be just as challenging. In an ideal world, we would get it right the first time. But refinancing offers a chance to do it again — in many cases to lower the... [Read More >>]
  4 Replies | 1,487 Views


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