Citi not immune to foreclosure fiasco - FierceFinance: "In the on-going foreclosure fiasco, Citigroup hasn't been beaten up nearly as bad as its larger peers in the mortgage market--the likes of Bank of America and Wells Fargo. But Citigroup does face some issues. It has run into a few snafus with its Orion Financial Group, a small Texas-based firm that provided mortgage assignment services, Bloomberg notes.
Citigroup has 'settled or lost at least five claims in 2010 brought by borrowers who accused the bank of filing fraudulent mortgage documents. In the most recent settlement in December, a bankrupt homeowner in Wappingers Falls, N.Y., challenged Citigroup's use of a mortgage assignment.'
The bank has apparently already moved to address robo-signing and other issues. It reorganized foreclosure operations last February."
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