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CitiMortgage CEO: Industry Lent $1.9 Trillion in 2012

Tuesday, 14 May 2013 | 4:34 PM ET

A new Fed survey shows banks are still not opening the spigot to give homebuyers access to loans. Sanjiv Das, CitiMortgage CEO, says the industry lent $1.9 trillion in mortgages in 2012, and that the market will begin to get competitive.