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January 16, 2014

Fannie ‘Buying’ $10.3 Billion of MSRs from Citigroup, More Deals in the Works?

By Paul Muolo

It’s likely that little in the way of money is changing hands on the deal. By selling the MSRs to Fannie, Citi is also settling the payment of “compensatory” fee claims the GSE is owed by the bank.

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