"Among five servicers and over six months, only one failure was uncovered, and of the servicers who had earlier fails to address, the corrective actions put in place were successful." A first report regarding Citigroup's responsibilities was released in January of this year. "The purpose of this report is to describe Citi's obligations under the Settlement Agreement and to provide the first interim report on Citi's progress towards meeting its obligations by the end of 2018, as the Settlement Agreement requires," the report states. Citi agreed to pay $4.5 billion to various states for law violations in connection with residential mortgage-backed securities and collateralized debt obligations between 2006 and 2007. "DOJ and the States investigated allegations that Citi packaged, marketed, and sold defective residential mortgage loans between 2006 and 2007 before the financial crisis," the report states.