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Correspondent Lending Thaws at Citi 

Jul 06, 2009By

Citigroup [stock C][/stock] today takes its correspondent lending channel off of a temporary suspension. On June 23, Citi froze the business over “quality control” issues surrounding documentation of appraisals or income verification seen in — or missing entirely from — previous mortgages purchased from independent mortgage bankers and other originators through the channel.

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