Residential assets and servicing grew at Citizens Financial Group Inc. A quarter-over-quarter rise in home lending was accompanied by a drop in conforming share.

From April 1 through mid-year, income before income taxes came to $549 million, according to the Providence, Rhode Island-based company’s second-quarter earnings report.

Income improved from 12 months earlier, when Citizens earned $462 million. Results even exceeded the preceding quarter, when income was $501 million.m

Source: Mortgage Daily