Is citimortgage going underneath??
I hear rumors that the mortgage branch, and adjectives of Citibank for that business, is have trouble because they enjoy be giving rates so far blow prime and they may hold to generate some serious rate increases or profile bankruputcy?? any truth??
Answers:
Citigroup (Citibank, CitiMortgage, etc.) is hugely profitable. They made 21 BILLION dollars profit ending year and are on gait to do one and the same this year. They are not going anywhere
Also, mostly speaking their mortgage business is not "sub-prime" or risky loans. I seriously doubt any of those rumors are true.
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Answers:
Citigroup (Citibank, CitiMortgage, etc.) is hugely profitable. They made 21 BILLION dollars profit ending year and are on gait to do one and the same this year. They are not going anywhere
Also, mostly speaking their mortgage business is not "sub-prime" or risky loans. I seriously doubt any of those rumors are true.