If you take away all the one-time gains at Fannie Mae and Freddie Mac, the two are barely profitable. Right?

There seems to be a growing trend of foreign banks rethinking their position in the U.S. mortgage market.

A new poll on the Inside Mortgage Finance website tells the story: Just 24 percent of respondents want Fannie Mae and Freddie Mac taken out to the Jersey Meadowlands by Luca Brasi. (Leave the gun, take the cannolis.)

An East Coast-based warehouse executive, requesting anonymity, said he has approached his credit board about such a change, and his waiting to hear back from them.

Mortgage bankers increasingly are complaining about a lack of homes to buy as one reason why originations are down this year.

Construction-to-permanent loans are picking up a head of steam in certain markets. “Down here [in Florida] it’s extremely hot,” said Joe Adamaitis, vice president and residential lending manager for Insignia Bank.

Former employees of the firm told IMFnews that they are perplexed as to why the company’s owners did not file a bankruptcy filing in federal court.

In his report, Guggenheim analyst Jaret Seiberg writes, “There is still anger in Congress over having to put cash into the enterprises in the first time."

Investors interviewed by IMFnews weren’t sure what to think of the latest news from Ellie Mae.

Despite the not-so-good news on applications, one warehouse lender suggested to IMFnews that larger lenders are suffering much more than smaller firms.