In other words, if Fannie keeps earning money at this rate, it could repay its “debt” to Treasury by year-end or the first quarter of next year.

Redwood Trust said it expects to hit its goal of acquiring $8 billion in non-agency jumbos in 2013, “but it won’t be easy" company officials said.

Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.

For the first time in six years, the four surviving private MIs reported a combined profit on their domestic MI business during 2Q13.

In its earnings release, Freddie said it will not capture its deferred tax asset (DTA) valuation allowance which now stands at $28.6 billion.

“It is difficult to project how many HARP-eligible loans will ultimately be refinanced,” the FHFA IG writes in a new report.

Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie.

The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.

Between 2008 and early 2011, unsecured credit extensions by FHLBs to European institutions swelled from $66 billion to $123 billion.

Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.