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Feb 19, 2007

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 Citigroup is a financial services company based in New York. For more information, call (800) 285-3000 or visit
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