Flawed Citigroup Mortgages in Leaked Memo Not Necessarily Up For Repurchase, Says Freddie Mac
January 20, 2011
Both Freddie Mac and Citigroup are downplaying Bloomberg’s publication this week of an internal Freddie report noting flaws in 15 percent of performing loans that Citi sold the government-sponsored enterprise during the second half of 2009 and the first half of 2010. Freddie Mac’s review of 375 of the mortgages bought...