Citigroup, DOJ Said Near $7 Billion Mortgage Deal

A settlement worth an estimated $7 billion reportedly is in the works between Citigroup (C) and the Department of Justice to settle allegations the New York-based bank sold subpar mortgages in the years before the financial crisis. The deal, which could be announced as early as next week, may comprise a cash payment to the government and help to homeowners, according to reports. It’s a noteworthy turnaround from last month, when the U.S.

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