• Citi laying off hundreds in Fort Mill


    ROCK HILL, S.C. - Citi is closing a unit at its Fort Mill operation, eliminating hundreds of jobs.

    The company is closing its default mortgage service unit, which could affect up to half of the approximately 850 workers.

    Citi public affairs director Mark Rodgers says about 200 workers will be laid off during the first quarter of this year. Affected employees were told this week.

    Citi sold its mortgage servicing rights for about 64,000 Fannie Mae residential mortgage loans, with an outstanding balance of about $10 billion.

    The cuts in the Fort Mill area follow an August reduction of 150 employees, also in the default mortgage service units. Rodgers says Citi plans to close its mortgage default unit in Fort Mill by the end of year.

    Next Up:

  • Headline Goes Here

    Citi laying off hundreds in Fort Mill

  • Headline Goes Here

    2 teens charged in connection with man's shooting death last week

  • Headline Goes Here

    Victims identified after nude gunman opens fire in Tenn. Waffle House

  • Headline Goes Here

    2-year-old pelted 9 times by paintballs in her yard, mother says

  • Headline Goes Here

    Where is Travis Reinking? Search continues for Waffle House shooting suspect