Citigroup's (C -0.1%) mortgage unit agrees to pay $158M to settle claims tied to its actions in...

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

Citigroup's (C -0.1%) mortgage unit agrees to pay $158M to settle claims tied to its actions in a federal home-loan insurance program. As part of the settlement, Citi admits it submitted loans to be insured by the U.S. Department of Housing and Urban Development that didn't meet the program's underwriting requirements.