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Citigroup to Cut 1,000 in Mortgage Business

Citigroup Inc., the fifth-biggest U.S. mortgage originator last year, is cutting about 1,000 jobs in its home-lending business.

The job reductions will come in mortgage sales, underwriting, fulfillment and default roles, primarily in Las Vegas and Irving, Texas, the New York-based company said today in an e-mailed statement.