Citigroup (C) agrees to pay Fannie Mae (FNMA.OB) $968M to settle potential mortgage repurchase...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) agrees to pay Fannie Mae (FNMA.OB) $968M to settle potential mortgage repurchase claims on 3.7M mortgages sold to Fannie between 2000 and 2012. The bank expects to report a mortgage repurchase reserve build of $245M in Q2. Shares +0.8% premarket. (PR)