The number of homes in foreclosure continues to decline, helping the housing recovery.
Recent studies show buyers dominate non-distressed home sales, dispelling concerns that investors are causing a bubble.
Citi has a relatively small mortgage presence but could be among the biggest beneficiaries from rising home prices.
The bank was one of only two big banks to see an increase in share of mortgage originations in the first quarter.
The ratings agency worries that banks may not have enough time to adjust to the high capital standards under the proposed bill.
The bank's incremental progress in recent months is encouraging, says the analyst turned activist shareholder.
At the bank's annual meeting in New York on Wednesday, shareholders repeatedly urged the management to consider a 10-for-1 stock split.
Deutsche Bank analyst Matt O'Connor weighs in on bank earnings in the first quarter and offers three picks.
The Pittsburgh-based regional bank reported higher revenue and profit growth even as lending slowed down during the first quarter.
Shareholders want to see less surprises and more predictability from Citi's earnings.