You are here

Citi plans to exit mortgage servicing by end of 2018

Wednesday, February 1, 2017 - 05:50


CITIGROUP plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

New Residential Investment Corp agreed to pay Citigroup US$950 million for servicing rights on Fannie Mae- and Freddie Mac-backed loans with US$97 billion of

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom