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Citi, BofA Mortgage Settlements To Fund NY Housing Units

By Dani Meyer (July 1, 2015, 6:36 PM EDT) -- New York Attorney General Eric T. Schneiderman announced Wednesday plans to provide nearly 3,800 affordable rental units with funding from Citigroup Inc. and Bank of America Corp. as part of multimillion-dollar settlements with the banks for misrepresentations about mortgage-backed securities....

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