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Violation Tracker Individual Record

Company: Citimortgage Inc. and Citibank N.A.
Current Parent CompanyCitigroup
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $395,000,000
Year: 2013
Date: September 25, 2013
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Mega-ScandalToxic Securities
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 Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.