In addition to a quarterly and annual decline in home lending, Citigroup Inc. reduced its mortgage servicing portfolio and residential investments.

Before deducting income taxes, continuing operations at Citi brought in $5.1 billion during the three-month period that ended on Dec. 31, 2016.

The New York-based company delivered the details, along with other financial and operational data, in its fourth-quarter 2016 earnings report.


Source: Mortgage Daily