Citi Unloads Home-Loan Servicing Portfolio

18 Nov 2011

Citigroup has sold the servicing rights for its $2.6 billion residential-loan portfolio to CWCapital.

Citigroup has sold the servicing rights for its $2.6 billion residential-loan portfolio to CWCapital. The portfolio, which has been in Citi Holdings, the bank’s troubled-asset unit, includes roughly 2,200 multifamily loans issued by Fannie Mae with an average unpaid balance of $1.2 million

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