Citicorp's Washington, D.C., thrift has stopped accepting applications for loans on cooperative apartments and certain types of condominium units.

Bruce Gouldey, a vice president at the $1.2 billion-asset Citibank FSB, said the move stemmed from a concerted drive throughout Citicorp to sell new mortgages into the secondary market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.