Forgive Our Blog Bragging

Crazy, we know, three posts in one day. We like to talk, what can we say. Anyways, did you see this blip of news earlier this week:

"Under a downsizing plan announced internally on Tuesday, Citigroup said it will reduce the number of outside mortgage brokers it does business with around the U.S. to 1,000 from about 9,500, the Wall Street Journal reports, citing a person familiar with the matter. Citigroup also will lay off about 500 sales and operations employees in its CitiMortgage division."

So what exactly does this mean? Citi is practically getting rid of its wholesale mortgage division. They are reducing the number of brokers by 90%. Well we just learned that we are one of those 1,000 brokers "around the U.S." that has been chosen to continue a working relationship with Citi. We are excited about this, and look forward to being able to offer multiple sources of mortgages from some of the top lenders in the country.