For the full year, Freddie posted net earnings of $48.7 billion, but executives at the GSE promised those profits will never, ever be achieved again.

Fear and loathing when it comes to mortgage servicing sales? Maybe now, but not in 2013.

The SEC’s Division of Corporation Finance this week suggested a change to proposed Reg AB2 disclosure requirements in an effort to protect the privacy of borrowers whose loans are included in MBS and ABS.

In the fourth quarter of 2013, Redwood issued one jumbo MBS totaling $325 million and completed whole loan sales of $648 million. Officials at the real estate investment trust said Redwood plans to issue a jumbo MBS in March or April.

Under the terms of the credit facility, PennyMac can sell RBS “newly originated mortgage loans that it purchases from correspondent lenders.”

So, mortgage firms are reducing “overlays” and expanding credit to borrowers in need. Right? Not necessarily.

Overall, the group reported a 5.8 percent increase in total mortgage banking income – which for some firms includes activity not captured in either production or servicing – during the fourth quarter.

In an interview with IMFnews, Millon said CMC now owns roughly $5 billion in MSRs, compared to just $1.5 billion a year earlier. “We’re buying rights from the members of our cooperative,” Million said.

A spokesman for Ocwen said the company did not like the way the IMFnews story was being “interpreted.” After the story was published early Friday afternoon, Ocwen’s share price began to rise and continued to increase Monday.

Citigroup will not provide representations and warranties for fraud on the MBS and half of the mortgages were originated with stated- or no-documentation.