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2013-07-03 — mortgagenewsdaily.com
``Fannie Mae has agreed to take $968 million as compensation from Citigroup (Citi) for a large group of mortgages the bank was accused of misrepresenting. Some 3.7 million mortgages sold to Fannie Mae by Citi between 2000 and 2012 were involved in the resolution agreement. Fannie Mae had maintained the bank had not properly confirmed underwriting details for the loans such as borrower income. ''
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