Avatar Posted by Mortgages 44 days ago (http://www.mortgagedaily.com)
Category: Mortgages
CitiMortgage is cutting off some of its mortgage brokers, a spokesman told MortgageDaily.com in an interview. "In the current challenging environment, we are redefining the wholesale business model to work with a smaller, targeted group of brokers," the spokesman said in a written statement. Sister company CitiFinancial severed relationships with more than 1000 mortgage brokers in 2001 following the acquisition of Associates First Capital Corp.
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