<human>: Question: How many underwriters was Richard M. Bowen III responsible for at Citigroup?

Is "His testimony stated that by 2006, 60% of mortgages purchased by Citi from some 1,600 mortgage companies were "defective" (were not underwritten to policy, or did not contain all policy-required documents) – this, despite the fact that each of these 1,600 originators was contractually responsible (certified via representations and warrantees) that its mortgage originations met Citi's standards." the correct answer?

OPTIONS:
- yes
- no
<bot>: no