| Nov 28, 2011 3:08PM A settlement agreement reached last month between Citigroup and the Securities and Exchange Commission (S.E.C.) over a 2007 mortgage derivatives deal has been thrown out by a federal court judge who has ordered the case be sent to trial. Under the settlement announced on October 19, Citicorp had agreed to pay $285 million to settle a civil suit arising out of the sale of 237501 billion in mortgage-linked collateralized debt obligations. The 2007 transaction took place just as the housing market was about... Nov 28, 2011 3:46PM Mortgage Rates recovered from what was shaping up to be an ugly morning to fall more in line with lender offerings seen last week. The secondary market that underlies and drives mortgage rates underwent a fairly violent shift this morning relative to it's recently more peaceful trading. So it's only after most lenders released new rate sheets this afternoon that rates are returning to last week's levels. That process of unwinding the volatility has, however, left lender's rate offerings more stratified...
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