Citigroup Inc. didn't increase quarterly mortgage volume but did manage to boost annual fundings.
In the fourth quarter, originations totaled $35.7 billion, slipping from the third quarter's $37.0 billion, the CitiMortgage parent said Friday. The level, however, is above $29.7 billion in the last three-month period of 2004.
The originations consist of prime home finance loans and home equity loans, according to the financial supplement report.
In all of 2005, volume for the New York-based company added up to $131.9 billion, which reportedly is $16.6 billion better than in the prior year.
The third-party servicing portfolio ended 2005 at $293.8 billion, Citigroup said.
Fourth quarter net income was reported at $6.9 billion, off slightly from the prior period.