Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Citi Still Churned Out Flawed Mortgages Into 2010

Citigroup Building
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The assumption that big banks stopped selling defective mortgages to Fannie Mae and Freddie Mac after the housing bubble burst is wrong.

That's the clear message from a study by Freddie Mac of hundreds of mortgages sold to the government-owned mortgage giant in 2009 and 2010.