Citigroup Error Stops Some Mortgage Applications Because of Lost Data

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First Posted: 06-24-09 08:19 AM   |   Updated: 06-24-09 08:25 AM

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bloomberg.com:

June 24 (Bloomberg) -- Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a review found that some property appraisals and income-verification documents were missing.

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Read the whole story: bloomberg.com

June 24 (Bloomberg) -- Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a review found that some property appraisals and income-...
June 24 (Bloomberg) -- Citigroup Inc. suspended loan applications at a unit that produced half of its $115 billion in mortgages last year after a review found that some property appraisals and income-...
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- YewNeekId I'm a Fan of YewNeekId 26 fans permalink

Another fine example of misfeasance by the Wall Street President

    Favorite    Flag as abusive Posted 08:46 AM on 06/25/2009
- tomasedison I'm a Fan of tomasedison 40 fans permalink
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Congress grow some balls and cap their credit card rates !

    Favorite    Flag as abusive Posted 01:32 PM on 06/24/2009
- nomorefed I'm a Fan of nomorefed 3 fans permalink

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

~Thomas Jefferson

hat tip to http://www.short.ie/g264dk for the good articles ....

    Favorite    Flag as abusive Posted 01:03 PM on 06/24/2009
- plaidsportcoat I'm a Fan of plaidsportcoat 31 fans permalink
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of the people, by the people and for the people
we are the government. i'm not afraid of myself

    Favorite    Flag as abusive Posted 04:07 PM on 06/24/2009
- nomorefed I'm a Fan of nomorefed 3 fans permalink

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

~Thomas Jefferson

hat tip to http://www.short.ie/g264dk for the good articles

    Favorite    Flag as abusive Posted 01:02 PM on 06/24/2009
- BurtonOerney I'm a Fan of BurtonOerney 26 fans permalink
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I love the smell of spam in the morning.

    Favorite    Flag as abusive Posted 06:37 PM on 06/24/2009
- jerrypl I'm a Fan of jerrypl 60 fans permalink
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CIti has lost control. They are zombie and incompetent, at this point. They need to be audited by the government and then taken over. Stop the thieves and this senior member of the banking crime syndicate.

http://eye-on-washington.blogspot.com

    Favorite    Flag as abusive Posted 11:53 AM on 06/24/2009
- esgabel I'm a Fan of esgabel 31 fans permalink
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It seems to me that if Citigroup can pay out 50% raises then they can return our money--time for the government to ask for it back. Lost jobs, foreclosed houses and most of those who have jobs have either taken cuts in pay or no raises...L­et Citigroup go down inflames..­.

    Favorite    Flag as abusive Posted 10:49 AM on 06/24/2009
- GreyWolfSC I'm a Fan of GreyWolfSC 9 fans permalink

Ask, nothing. It should be forcefully taken back and never loaned again.

    Favorite    Flag as abusive Posted 11:51 AM on 06/24/2009
- Retrofuturistic I'm a Fan of Retrofuturistic 51 fans permalink
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These people are throwing OUR money away, and no one stops them.

How is this CHANGE?

    Favorite    Flag as abusive Posted 10:33 AM on 06/24/2009
- vagabondvet I'm a Fan of vagabondvet 17 fans permalink
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It's change because Obama voted for it in the Senate and Obama is change.

    Favorite    Flag as abusive Posted 11:04 AM on 06/24/2009
- lvdragonlady I'm a Fan of lvdragonlady 32 fans permalink

Time to refresh you history, presidents do not vote. VP can be the tie breaker vote sometime but the president does not vote.

    Favorite    Flag as abusive Posted 11:28 AM on 06/24/2009
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