Citigroup Inc. posted higher second quarter mortgage originations.
Real estate secured fundings were $46.2 billion, climbing from $39.6 billion the prior quarter, the parent of CitiMortgage, CitiFinancial and ABN AMRO Mortgage Group reported. During the second quarter 2006, production was $38.6 billion.
The New York-based company said its third party servicing portfolio ended the second quarter at $585.3 billion.
Loans past due at least 90 days were 1.38 percent -- rising each of the past four quarters, Citi said.
A $245 million net charge in net credit losses and loan loss reserves reflected, among other things, higher delinquencies in second mortgages, according to the second quarter data. Net income for real estate lending was $298 million.
Net income for all of Citigroup was reported at $6.23 billion.