Quarterly volume slipped at Citigroup Inc.
First quarter real estate lending originations amounted to $32.4 billion, down from the fourth quarter's level of $35.7 billion, according to the New York-based company's financial supplement report. But the latest fundings are higher than the $25.9 billion achieved in the year-ago comparable period.
Originations reflect mortgage and home equity lending, the parent of CitiMortgage and CitiFinancial said.
The size of the lender's third-party mortgage servicing portfolio at the quarter's end was reported at $307.4 billion.
Citigroup announced net income of $5.6 billion was off about $1.3 billion from the fourth quarter 2005.