Citigroup Inc.’s home-lending and finance company servicing units have agreed to settle allegations of improperly handling distressed borrowers.

The first settlement was with CitiFinancial Servicing. The business is headquartered in O’Fallon, Missouri and made up of four separate entities.

The second settlement was with CitiMortgage Inc. The company, which is also based in O’Fallon, operates as a subsidiary of Citibank, N.A.

Source: Mortgage Daily