Mortgage manager FirstMac is treading water in the home loan market, with originations "unchanged" in the year to June 2013, and "broadly equivalent to the level of discharges", according to its 2013 financial report.Originations "are forecast to remain unchanged", the Brisbane-based lender said.It reported modest growth of A$200 million, to $4.6 billion, in loans under management. It has 23,000 borrowers, FirstMac said.Net profit was $8.4 million in the year to June 2013, up from $7.3 million in 2012.Like many lenders, it faced a fall in net interest margin over the year.FirstMac said a clean-up call on a 2004-era mortgage-backed bond was "undertaken at an economic cost… but has assisted FirstMac [in] maintaining access to securitisation markets in the future."The company halved corporate debt over the year, to $8 million, and established new wholesale funding lines.James Austin, the chief financial officer, wrote in an email that "we are seeing quite strong origination levels into Xmas, with net balance sheet growth of approximately $100 million per month over recent months. "We will pass $5 billion before the New Year."