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Citigroup Inc (C.N) is searching to improve its market place share in the U.S. home loan market place by purchasing home loans from other loan companies, a prime govt explained on Tuesday. "We want to develop," said Jane Fraser, the main executive officer of Citi Home loan, at the Mortgage Bankers Affiliation secondary industry conference in New York. Considerably of the thrust for growth will occur from correspondent lending, or Citigroup getting mortgages that fulfill standards it has set up from other financial establishments. Fraser called the correspondent marketplace "very critical" and explained that Citigroup was "open for business" with correspondent lender online mobile shopping. Fraser also stated that the bank would look to maintain the new loans on its harmony sheet and would be "really cautious" about the high quality of the financial loans it will make. Citigroup was the seventh-greatest U.S. mortgage loan loan company in the first quarter of 2014, in accordance to business publication Inside Home loan Finance. Its market share fell by virtually two-thirds to 2.seven per cent of all U.S. property loans in the very first quarter in contrast with the same time period in 2013.buy mobile phones online