Federal Reserve Board fines Citigroup $8.6 Million for the Improper Execution of Residential Mortgage-related Documents and Announces Termination of 2011 Enforcement Action
(August 10, 2018) - - The Federal Reserve Board on Friday announced an $8.6 million fine against Citigroup for the improper execution of residential mortgage-related documents.
The $8.6 million penalty addresses the deficient execution and notarization of certain mortgage-related affidavits prepared by a subsidiary, CitiFinancial. The improper practices occurred in 2015 and were corrected. CitiFinancial exited the mortgage servicing business in 2017.
Also on Friday, the Board announced the termination of an enforcement action from 2011 against Citigroup and CitiFinancial related to residential mortgage loan servicing. The termination of this action was based on evidence of sustainable improvements.
Courtesy: Board of Governor of the Federal Reserve System
Federal Reserve Board fines Citigroup 8.6 Million Dollars for the Improper Execution of Residential Mortgage-related Documents and Announces Termination of 2011 Enforcement Action
Collapse
-
Created by:
Staff Reporter 1
- Published: 08-15-2018, 11:18 PM
- 0 comments
-
X
Federal Reserve Board fines Citigroup 8.6 Million Dollars for the Improper Execution of Residential Mortgage-related Documents and Announces Termination of 2011 Enforcement Action
Collapse
-
Federal Reserve Board fines Citigroup 8.6 Million Dollars for the Improper Execution of Residential Mortgage-related Documents and Announces Termination of 2011 Enforcement Action
Tags: citigroup, document, dollars, execution, federal, improper, million, mortgage-related, reserve, residentialPosting comments is disabled.
Related Topics
Collapse
Hurricane information
Collapse
Trending
Collapse
There are no results that meet this criteria.
Latest Articles
Collapse
BEWARE OF CULTS!!!
Collapse
BEWARE OF CULTS!!!
IF YOUR FAMILY MEMBER IS IN AN ORGANIZATION THAT WILL NOT ALLOW HIM OR HER TO TALK TO HIS OR HER RELATIVES, THAT PERSON IS IN A CULT!!!
CULT LEADERS ARE MEAN, HARD-HEARTED AND EVIL!!!
BEWARE OF CULTS!!!
CULTS BRAINWASH ADULTS!!!
SOME CULTS OPERATE IN THE ATLANTA, GEORGIA AREA!!!
CULTS ALSO OPERATE IN OTHER AREAS!!!
IF, WHEN YOUR FAMILY MEMBER DOES CONTACT A MEMBER OF THE FAMILY, THE FAMILY MEMBER CONTACTED IS NOT ALLOWED TO TALK, YOUR FAMILY MEMBER IS IN A CULT!!!
CULT LEADERS ARE MEAN, HARD-HEARTED AND EVIL!!!
ANYONE WHO WILL NOT ALLOW A PERSON TO TALK TO HIS OR HER OWN PARENTS IS MEAN, HARD-HEARTED AND EVIL!!!
IF, WHEN YOU INQUIRE ABOUT YOUR FAMILY MEMBER, THEY ACCUSE YOU OF STALKING, YOUR FAMILY MEMBER IS IN A CULT!!!
BEWARE OF CULTS!!!
YOU HAVE BEEN WARNED!!!
BEWARE OF CULTS!!!
Shop Low Cost Domains
Collapse
CNG Vehicle Cost Calculator
Collapse
Do You Have An Internet Presence?
Collapse
Air Quality Conditions in Independence, MO Zip Code 64050
Collapse
Air Quality Conditions in Rome, GA Zip Code 30161
Collapse
Trending
Collapse
There are no results that meet this criteria.
Categories
Collapse
Hurricane information
Collapse
Air Quality Conditions in Madison, WI Zip Code 53706
Collapse
Air Quality Conditions in Albuquerque, NM Zip Code 87121
Collapse
Shop at Low Cost Domains
Collapse
Air Quality Conditions in Harrisburg, PA Zip Code 17104
Collapse
Electric Drive Cost Calculator
Collapse