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January 16, 2014

Citigroup Saw Residential Originations Plunge in 4Q, Bank Marks Up MSRs

By Paul Muolo

Citigroup marked up the asset value of its MSRs by 5 percent, on a sequential basis, to $2.718 billion. Compared to 4Q12, its MSRs are now worth 40 percent more - even though its overall portfolio has been shrinking in size.

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