July 14, 2014 / 2:35 PM / 4 years ago

Justice Department official says expects more mortgage case activity soon

WASHINGTON (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

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