Violation Tracker Individual Record

Company: 
Citimortgage Inc. and Citibank N.A.
Current Parent Company: 
Citigroup
Penalty: 
$395,000,000
Year: 
2013
Date: 
September 25, 2013
Primary Offense: 
toxic securities abuses
Violation Description: 

Freddie Mac announced a settlement with Citimortgage and Citibank concerning representations and warranties on single-family loans sold to Freddie Mac.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Freddie Mac
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.