Citigroup continues moving away from mortgages as originations plummet

Citigroup first-quarter earnings show that the bank is continuing to move further and further away from mortgages and into other lines of business. According to information released Thursday by the bank, Citi’s residential first mortgage originations plummeted in the first quarter, dropping from $5.6 billion in the fourth quarter of 2016 to $3.8 billion in the first quarter of 2017.

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