Citi Mortgage just announced yesterday that they are shutting down wholesale. They want to focus on their Retail platform as well as Correspondent side.
They are no longer accepting new registered loans, and I dont know why you would even send one there as of 02/01/2012 because they intentionally have raised there pricing to deter new submissions.
If you have been using them on the Wholesale side, then you probably already know, but if not now you do.
This is kinda scary in the grander scheme of things because the question becomes how long before they exit Correspondent? I mean look at the pattern with BOFA or Chase
Happy Fundings
Sunny
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