Jane Fraser has held various high-level posts in her nine years at Citigroup.
Citigroup is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

Ask the Experts is an educational video series, hosted by National Mortgage News that features an engaging Q&A with mortgage industry experts. This series, sponsored by Interthinx, addresses how today's mortgage industry professionals can manage risk and compliance issues, meet new regulatory requirements, and make better decisions with a focus on quality control and automation.

The abrupt slowdown came in response to the OCC's April release of minimum standards for foreclosure sales. Image: Fotolia.
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.
Chicago convention managers and Mayor Rahm Emanuel advanced plans for a new arena and makeover of Navy Pier, the city’s top tourist attraction.
With regulatory reform, the secondary mortgage market as well as the primary one will have heightened liability when it comes to loans.
Margin compression once again overpowered loan growth in the first quarter, sapping banks’ traditional source of revenue.
The supply of foreclosed homes and REOs is dwindling quickly and probably has already peaked.
A daily video that gives you mortgage news, plus a little attitude.
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