Single-family lending slowed and is likely to fall further at Citigroup Inc. Also diminished was servicing and assets. A massive loss was tied to the new tax law.
During the final three months of last year, the New York-based company earned $5.1 billion from continuing operations before income taxes.
The New York-based financial institution revealed the results in its fourth-quarter 2017 earnings report, which said income was about the same as a year prior.
Source: Mortgage Daily