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Strategies & Market Trends : YEEHAW CANDIDATES
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To: Sergio H who wrote (22031)1/22/2007 9:24:23 PM
From: Galirayo  Read Replies (1) of 23958
 
Thanks Sergio .. Say how did you like the way C just bought in big time into foreclosures today when they bought out ABN Amro Mtg Co ?? Now they'll all go into REOs off the block until they get their fill. Might be a good thing. Aeh ? Both ABN and C have a lot going to the block here.

ABN Amro Sells U.S. Mortgage Unit
Monday January 22, 5:11 pm ET
ABN Amro Sells U.S. Mortgage Activities to Citigroup, Terms Not Disclosed

AMSTERDAM, Netherlands (AP) -- Dutch bank ABN Amro Holding NV said Monday it will sell its U.S. Mortgage Group business to Citigroup Inc. for an undisclosed amount.
ABN said the Mortgage Group's businesses are being sold in part because they are conducted through third-party brokers.
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