Citigroup To Pay $25M To Settle Investors' MBS Suit
Investors claimed that Citigroup Mortgage Loan Trust Inc., an MBS issuer, lied about the underwriting standards of subprime mortgages that were bundled into securities and sold to investors in December 2006. The cash settlement will resolve the entire lawsuit, according to a memorandum filed in New York federal court.
If all investors who bought the...
To view the full article, register now.