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| Citi Fundings Up
$38.6 billion 2nd quarter production
July 18, 2006
By MortgageDaily.com staff
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Quarterly originations increased at Citigroup Inc.
The New York-based financial conglomerate reported $38.6 billion second quarter production, up $6.2 billion from the prior period. A year earlier, originations were $33.3 billion.
Citi's third party mortgage servicing was $325 billion, according to the announcement. Ninety-day delinquency was 0.94 percent.
Net income during the latest period was $5.27 billion, Citi said.
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