Dept. of Bad News
Citigroup is selling new mortgage-backed securities for the first time in two years. The company expects the mortgages to be rated AAA. But, BusinessWeek
Jul 31, 2020296.2K Shares5.4M Views
The company expects the mortgages to be rated AAA. But, BusinessWeek notes, “$67.3 million of the loans were to self-employed borrowers and $66.3 million didn’t require borrowers to document two years of their incomes and assets.”
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