Advertisement
Building a professional presence
Citigroup to buy ABN AMRO Mortgage GroupMortgagePress.comCitigroup,ABN AMRO
Citigroup has announced the pending purchase of ABN AMRO
Mortgage Group Inc., which will represent $9 billion in net assets
and a $224 billion mortgage-servicing portfolio. The transaction is
expected to close by the end of the first quarter of 2007.
The acquisition will add approximately 1.5 million servicing
customers to Citigroup subsidiary CitiMortgage's portfolio, as well
as 2,500 wholesale brokers to its wholesale lending business.
ABN AMRO Mortgage Group Inc. is a mortgage lender and subsidiary
of Amsterdam-based ABN AMRO Bank N.V. For more information, call
(877) 406-2967 or visit www.mortgage.com.
Citigroup is a financial services company based in New York. For
more information, call (800) 285-3000 or visit www.citigroup.com.
About the author