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My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro’s mortgage business.

I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage.

My question is, I know that each lender discloses the percentage of mortgages they anticipate selling (ABN Amro sold 0-25% on average). What percentage does CitiMortgage run?

Do they normally keep mortgages or sell them?

This question is specific to CitiMortgage, not the industry as a whole.

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3 Responses to “What percentage of Mortgages does CitiMortgage sell?”

1. tamarack58 on March 25th, 2009 3:29 am

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   Don’t know how many they sell but they bought mine after I had it for less then a year. That was five years ago and they still have it.

2. loancareer on March 26th, 2009 1:07 pm

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   CitiMortgage, like Country Wide disclose 0% - 25% turnover. Here’s the kicker. If they sell your loan you will probably not even know as both Citi and CWBC are two of the biggest “Servicers” in the country. 99.99% of the time the loan is sold they will continue to be the servicer.

   PS. I have CWBC as my 1st and Citi as my 2nd.

3. Percy on March 28th, 2009 10:44 am

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   Hi,

   Checkout for some useful info on the matter. Good luck!