Citigroup Inc.

Second Mortgages: December 31, 2010For second mortgages, approximately 46% of the loans were originatedthrough third-party channels. As these mortgages have demonstrateda higher incidence of delinquencies, Citi no longer originates secondmortgages through third-party channels. 90+DPD delinquency amounts,amount of loans with FICO scores of less than 620, and amount of loans withLTV over 100% were relatively stable during the latter half of 2010.CHANNEL($ in billions)Second LienMortgagesChannel% Total90+DPD % *FICO < 620 *LTV > 100%Retail $22.5 53.5% 2.0% $3.5 $6.8Broker $10.3 24.5% 3.7% $1.7 $6.3Correspondent $9.2 22.0% 3.8% $2.1 $6.9* Refreshed FICO and LTV.Note: Excludes Canada and Puerto Rico, deferred fees/costs and loans subject to LTSCs.By StateApproximately half of Citi’s U.S. Consumer mortgage portfolio is locatedin five states: California, New York, Florida, Illinois and Texas. These statesrepresent 50% of first mortgages and 55% of second mortgages.With respect to first mortgages, Florida and Illinois had above average90+DPD delinquency rates as of December 31, 2010. Florida has 56% ofits first mortgage portfolio with refreshed LTV > 100%, compared to 30%overall for first mortgages. Illinois has 42% of its loan portfolio with refreshedLTV > 100%. Texas, despite having 40% of its portfolio with FICO < 620, hada lower delinquency rate relative to the overall portfolio. Texas had 5% of itsloan portfolio with refreshed LTV > 100%.In the second mortgage portfolio, Florida continued to experience aboveaveragedelinquencies at 4.4% as of December 31, 2010, with approximately73% of its loans with refreshed LTV > 100%, compared to 48% overall forsecond mortgages.By VintageFor Citigroup’s combined U.S. Consumer mortgage portfolio (first andsecond mortgages), as of December 31, 2010, approximately half of theportfolio consisted of 2006 and 2007 vintages, which demonstrate aboveaverage delinquencies. In first mortgages, approximately 41% of the portfoliois of 2006 and 2007 vintages, which had 90+DPD rates well above the overallportfolio rate, at 8.0% for 2006 and 8.8% for 2007. In second mortgages,61% of the portfolio is of 2006 and 2007 vintages, which again had higherdelinquencies compared to the overall portfolio rate, at 3.4% for 2006 and3.3% for 2007.FICO and LTV Trend Information—U.S. ConsumerMortgage LendingFirst MortgagesIn billions of dollars12010080604020048.9 45.0 42.6 41.7 40.314.9 15.0 14.8 13.5 14.427.5 27.0 23.9 23.1 21.314.9 13.9 14.2 13.2 12.64Q09 1Q10 2Q10 3Q10 4Q10FICO < 660, LTV > 100% FICO < 660, LTV ≤ 100%FICO ≥ 660, LTV > 100% FICO ≥ 660, LTV ≤ 100%First Mortgage—90+ DPD % 4Q09 1Q10 2Q10 3Q10 4Q10FICO > 660, LTV < 100% 0.5% 0.4% 0.5% 0.4% 0.3%FICO > 660, LTV > 100% 2.8% 1.7% 2.0% 1.8% 1.2%FICO < 660, LTV < 100% 17.9% 17.2% 15.1% 14.6% 12.7%FICO < 660, LTV > 100% 37.7% 32.8% 26.8% 24.3% 20.3%Note: First mortgage chart/table excludes loans in Canada and Puerto Rico, loans guaranteed by U.S.government agencies, loans recorded at fair value and loans subject to LTSCs. Balances excludes deferredfees/costs. Balances based on refreshed FICO and LTV ratios. Chart/table also excludes balances forwhich FICO or LTV data was unavailable ($1.0 billion in 4Q09, $0.6 billion in 1Q10, $0.4 billion in 2Q10,$0.4 billion in 3Q10 and $0.4 billion in 4Q10).Second MortgagesIn billions of dollars604020022.1 19.2 19.2 18.9 17.313.9 15.7 14.5 13.7 13.95.8 5.0 4.7 4.6 4.46.7 7.2 6.8 6.4 6.14Q09 1Q10 2Q10 3Q10 4Q10FICO < 660, LTV > 100% FICO < 660, LTV ≤ 100%FICO ≥ 660, LTV > 100% FICO ≥ 660, LTV ≤ 100%Second Mortgage—90+ DPD % 4Q09 1Q10 2Q10 3Q10 4Q10FICO > 660, LTV < 100% 0.1% 0.1% 0.1% 0.1% 0.1%FICO > 660, LTV > 100% 0.4% 0.4% 0.4% 0.3% 0.3%FICO < 660, LTV < 100% 6.7% 6.6% 6.6% 7.3% 7.8%FICO < 660, LTV > 100% 15.4% 13.2% 12.8% 12.3% 12.3%Note: Second mortgage chart/table excludes loans in Canada and Puerto Rico, and loans subject to LTSCs.Balances exclude deferred fees/costs. Balances based on refreshed FICO and LTV ratios. Chart/table alsoexcludes balances for which FICO or LTV data was unavailable ($0.8 billion in 4Q09, $0.4 billion in 1Q10,$0.4 billion in 2Q10, $0.4 billion in 3Q10 and $0.3 billion in 4Q10).97