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Mortgage Originations Down at Citi and Headed Lower

Residential loan production fell on a quarter-over-quarter basis and sank on a year-over-year basis at Citigroup Inc.The firm continued to cut its mortgage servicing and assets.

From April 1, 2017, through the middle of this year, income from continuing operations before income taxes at the bank-holding level amounted to $5.7 billion.

Those details and more were disclosed by the New York-based financial institution in its earnings report for the second-quarter 2017.


Source: Mortgage Daily