A marked decline was recorded for quarterly mortgage revenues and originations at Citigroup Inc. The company continued to reduce residential servicing and assets.
From Jan. 1, 2018, through March 31, income from continuing operations before income taxes was $6.1 billion, according to its first-quarter earnings report.
The New York-based financial institution saw little change in its income compared to the first-three months of last year, when the total came to $6.0 billion.
Source: Mortgage Daily