CitiMortgage has announced a $15 billion commitment to provide affordable housing to low- and moderate-income, minority, and underserved families in greater metropolitan Chicago through the end of the decade.CitiMortgage, Citigroup's residential mortgage lending business, said the pledge was made in connection with its Opportunities Within Neighborhoods program, which is part of Citi's broader $200 billion commitment to affordable housing through 2010. The announcement came at the opening session of the city of Chicago's Restoring the Walls - A Call to Faith and Action conference. More than 2,000 faith-based community leaders attended the conference, CitiMortgage said. The company can be found online at http://www.citimortgage.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









