WASHINGTON -- The mortgage industry may be shrinking, but profits at the secondary-market agencies keep climbing.

The Federal Home Loan Mortgage Corp. released results Monday showing that the second quarter - a bloodbath for many lenders that sell loans into the secondary market - was the best in its 24-year history.

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.