Citigroup Inc. nudged up quarterly home lending. But the residential servicing portfolio continued its contraction, delinquency deteriorated, and mortgage earnings were weaker.
In its third-quarter earnings report, the New York-based financial services conglomerate revealed company-wide income from continuing operations before income taxes of $6.1 billion.
Citi’s earnings improved from $6.0 billion earned during the three months ended June 30, 2017. Income also ascended from $5.9 billion in the preceding three months.
Source: Mortgage Daily