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Mortgage Brokers News

Citi Becomes Latest Bank to Cut Off Mortgage Brokers

Citi put another nail in the coffin of the mortgage brokerage business: It will stop originating home loans through brokers.

Citi Stops Using Mortgage Brokers, Stock Going To $35

Citi is letting go of a business that accounts for around $6 billion in mortgage loans to its portfolio each year in return for a tangible improvement in its portfolio quality – besides the intangible benefit of garnering much needed investor confidence in its business.

Citigroup To Stop Making Mortgages Through Brokers

Citigroup Inc. (C), one of the U.S.'s largest mortgage lenders, will stop originating home loans through brokers.

Citigroup Makes It Even Harder for You to Get a Mortgage

(C)just put another nail in the coffin of the supposed housing rebound. The bank?s admission that it will stop using brokers ? made to Bloomberg and Dow Jones Newswires late Wednesday by a spokesman for the bank ? has been met with a collective shrug by the mortgage industry. After all, (JPM) already went this ...

Citigroup Makes It Even Harder for You to Get a Mortgage (Update 1)

Citigroup mortgage story updated with statement from Citigroup in second paragraph. NEW YORK (TheStreet) -- Citigroupjust put another nail in the coffin of the supposed housing rebound. Bank spokesman Mark Rodgers confirmed on Thursday the bank will stop originating mortgages through brokers, stating via e-mail that Citigroup wants to interact directly with mortgage customers so it can sell them ...