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Missing, Inaccurate Data Force CitiMortgage to Suspend Correspondent Lending Operations
CitiMortgage stopped accepting new loans through its correspondent lending division last week after a review of loan files found some appraisal and income-verification documents to be missing, sources indicated. Citi was the fourth-largest overall lender in the first quarter of 2009, and its correspondent division also ranked fourth, churning out $17.31 billion in...
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