---
title: 'WATCH: Why You Should Care About the $7 Billion Citigroup Mortgage Settlement'
description: Citigroup paid $7 billion as part of a settlement with the Justice Department, but homeowners affected by toxic mortgages are still struggling.
authors:
  - name: Pat Regnier
    url: https://money.com/author/pat-regnier/
    at_money_since: 2009
    articles: 53
    covers:
      - Mortgages
      - Banking
      - Economy and Politics
      - Education
      - Housing
      - Insurance
      - Investing
      - Lifestyle
      - Retirement
      - Taxes
    social:
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    former_staff: true
  - name: Turner Cowles
    url: https://money.com/author/turner-cowles/
    at_money_since: 2014
    articles: 24
    covers:
      - Mortgages
      - Career Advice
      - Economy and Politics
      - Education
      - Housing
      - Investing
      - Lifestyle
      - Personal Finance
      - Retirement
      - Technology
    social:
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    former_staff: true
published: '2014-07-15T23:02:34.000Z'
modified: '2014-07-15T23:02:34.000Z'
section: Mortgages
tags:
  - citi
  - Citibank
  - Citigroup
  - fraud
  - Justice Department
  - mortgage
  - Settlement
  - The Economy
word_count: 1
canonical: https://money.com/why-you-should-care-about-the-7-billion-citigroup-mortgage-settlement/
type: Article
source: structured-blocks
---

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![140715_EM_Citigroup_GRAB_1](https://img.money.com/2014/07/140715_em_citigroup_grab_1.png)

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