Citi Reportedly Ready To Pay $7 Billion For Selling Shoddy Mortgages

Citi Reportedly Ready To Pay $7 Billion For Selling Shoddy Mortgages

A half-decade on from the collapse of the housing bubble, it looks like the Justice Dept. and Citigroup may have finally reached a deal that will have the bank forking over several billion dollars to close the book on allegations that it sold off a large number of worthless mortgages in the lead-up to the 2008 crash. [More]