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Does the mortgage industry still need Appraisal Management Companies?

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Lending / The Ticker

Legacy home lending issues trouble Citi, BofA

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Bank of America and Citigroup have suffered setbacks in their attempt to escape a troubled legacy of problems from the financial crisis with renewed worries over legal costs and doubts over profitability.

The two U.S. banks, the most scarred survivors from the 2008 crisis, both reported earnings that missed market expectations.


Source: Financial Times
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