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Citi Reclassifies Some Mortgages, Starts Taking Principal Writedowns

by Maria Aspan
APR 16, 2012 11:52am ET
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Citigroup reclassified $840 million of home equity loans as "nonaccruing" in the first quarter, and wrote down $370 million of mortgages as part of the national mortgage settlement's principal-forgiveness requirements.

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