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Citi private banking unit preps super-jumbo, "super-rich" MBS

The private banking arm of Citigroup is about to issue its very first MBS deal, inaugurating what is likely to be a regular issuance program securitizing the "super-jumbo" hybrid adjustable-rate mortgages (ARMs) of Citibank's private elite class of high-net-worth clients - some with single mortgage loans as high as...

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