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Citigroup has been trying to sell OneMain since 2011 as a plan the bank has implemented to sell unwanted assets and focus on wealthier clients. OneMain is a part of Citi Holdings, which was created during the financial crisis to place assets that Citigroup wanted to divest or wind down. It provides loans to buy small-ticket items and meet unexpected expenses. The company posted a loss of $2 billion in 2010, but has since been profitable, with profits rising 7 percent to $415 million in nine months. OneMain has 1,140 branches in the U.S.

Watt was testifying before Congress for the second time since becoming director of FHFA a year ago, this time to give an update on the government's conservatorship of Fannie Mae and Freddie Mac.

Out of San Antonio, diversified financial services firm SWBC announced the launch of SWBC Lending Solutions, a new provider of end-to-end offerings for the financial services industry.

Larry Gunnin, a mortgage industry veteran with more than three decades of experience, joined Mortgage Network Inc. as Southeast regional manager, the company announced.

Meg Burns, former senior associate director for the Federal Housing Finance Agency (FHFA), has signed on to the Washington, D.C.-based Collingwood Group as managing director, the company announced.

Mortgage services firm LenderLive Network welcomed to its staff Dan Biebel, the company's newest regional account manager.

Aspen Grove Solutions announced the addition of Chuck Sockol to its team as VP of industry relations and account management.

Consulting and analytics firm NewOak announced the addition of a new senior member to its team of leaders. Triet M. Nguyen has been appointed as managing director of the company's Corporate and Municipal Credit Solutions Group.

Clayton Holdings, a Connecticut-based provider of loan due diligence, surveillance, and consulting services to the mortgage industry, announced the addition of John Maco to its team in the position of senior managing director of business development.

Domestic-based mortgage services provider LenderLive Network has announced the hiring of Charlie Kent as VP of national sales for the Settlement Services division.