U.S. Justice Dept official says expects more mortgage case activity soon

WASHINGTON, July 14 Mon Jul 14, 2014 10:32am EDT

WASHINGTON, July 14 (Reuters) - U.S. Associate Attorney General Tony West said on Monday that the American public can expect to hear more from the Justice Department's residential mortgage-backed securities working group in the "very near future."

West made the comment during a news conference in which authorities announced a $7 billion settlement against Citigroup Inc to settle charges the bank sold shoddy mortgage-backed securities in the run-up to the financial crisis. (Reporting by Aruna Viswanatha, writing by Karey Van Hall; Editing by Doina Chiacu)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.