Citigroup 'defrauded' Fannie, Freddie

Citigroup Inc, which last week admitted breaking Federal Housing Administration rules and paid a fine, also violated regulations for home loans sold to Fannie Mae and Freddie Mac, according to a whistle-blower's complaint.

The bank "defrauded, falsified information or misled federal government entities" by selling or securing insurance for mortgages with defects.