CitiMortgage ranked first among all jumbo lenders last year, but industry-wide residential fundings in this once hot sector fell by 57% according to new figures compiled by National Mortgage News (NMN) and the Quarterly Data Report.

NMN found that the nation's jumbo lenders originated just $139 billion in 2008, compared to $325 billion the year before. Citi's originations fell 32% to $23.3 billion.

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