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Loan Modification

: Loan Modification & Home Loan News

Are Citi?s Indemnifications Worth a Damn?

By Moe Bedard

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That’s the value I would assign to the indemnifications Citigroup executives say cover 22 percent of their $504 billion mortgage servicing portfolio. Note: In our earlier story about Citi’s exposure to put-backs, we gave the bank full-credit for the indemnifications. But that was way too generous, in my opinion. Why zero? Because Citi hasn’t told [...]

Full post as published by Loan Modification & Home Loan News on November 03, 2010 (boomark / email).

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