PennyMac Mortgage Investment Trust may repurchase up to $150 million of its outstanding common shares as the real estate investment trust's stock price has declined this year.

Increases in home prices have outpaced growth in income for first-time homebuyers, according to an analysis by Zillow.

The Nonprofit Alliance of Consumer Advocates focuses on helping borrowers that have mortgages owned by a servicer subject to the $25 billion national servicing settlement.

Credit Insurance Risk Transfer 2015-2 covers an $8.1 billion pool of mortgages with a maximum coverage of approximately $202.5 million provided by re-insurers.

The metric will assess lender performance based on the lender’s default rate within three credit-score bands and compare it to an FHA target rate, rather than to the lender’s peers.

The newly-originated adjustable-rate mortgages have a weighted-average coupon of 7.387 percent and an average credit score of 688, according to Bank of America Merrill Lynch.

The rate of borrowers 60 days or more delinquent on their mortgages fell to 2.72 percent in the second quarter of 2015, according to TransUnion.

Fannie Mae and Freddie Mac saw modest gains in issuance of single-family mortgage-backed securities during July, with little sign of any expanded underwriting by sellers The two GSEs generated $83.29 billion of single-family MBS last month, up 7.2 percent from June. Fannie managed only a 1.9 percent gain for the month, while Freddie volume surged 13.8 percent, which gave the company an unusually high 47.0 percent share of the GSE market. A big part of Freddie’s sharp increase in issuance came from the $8.00 billion of seasoned loans the company securitized in July. That was nearly double the volume of Freddie mortgages more than three months old that were securitized in June. Some $1.92 billion of those loans were modified....

Freddie Mac continues to unload seriously delinquent loans from its retained portfolio and unveiled plans late this week to auction off $1.2 billion of non-performing loans. The NPLs are currently serviced by Ocwen Loan Servicing, LLC. The planned sale marks Freddie’s sixth NPL auction of the year.The GSE is now marketing the nonperformers in five geographically diversified pools. Bids are due from qualified investors by Sept. 9. The sale is expected to settle in October. The government sponsored mortgage giant said the winning bidder “will be determined on the basis of economics, subject to meeting Freddie Mac’s internal reserve levels.” Credit Suisse Securities, Wells Fargo Securities, LLC, and First Financial Network are the advisors on the deal.