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Home » Store » News » Flawed Citigroup Mortgages in Leaked Memo Not Necessarily Up For Repurchase, Says Freddie Mac

Flawed Citigroup Mortgages in Leaked Memo Not Necessarily Up For Repurchase, Says Freddie Mac

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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...
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