As company-wide earnings improved at Citigroup Inc., mortgage income fell. Headcount, servicing and single-family assets were all lower, and delinquency was higher. But residential loan originations rose.
Income from continuing operations before income taxes came to $5.9 billion during the three months ended mid-2018, according to Citi’s second-quarter earnings report.
An improvement was noted compared to the same-three months last year, when the New York-based financial institution earned $5.7 billion. Earnings slipped, though, from $6.1 billion the preceding quarter.
Source: Mortgage Daily
