The majority of the 9.3 million borrowers who lost their homes between 2006 and 2014 will likely become eligible to re-enter the home purchase market within the next nine years, according to an analysis by the National Association of Realtors. However, only about a quarter of them are expected to actually return to the market. “The extended time needed to repair credit scores or save for a downpayment, combined with other overlapping post-distress factors on credit quality, such as ...

Freddie Mac, announced this week its first non-performing loan auction this week that primarily caters to smaller investors. The Extended Timeline Pool Offering of deeply delinquent NPLs gives investors who may need more time to secure funds for bidding a longer timeframe to do so. The loans for sale, all based in Miami-Dade County, FL, have an aggregate unpaid principal balance of $35 million.Having smaller pool sizes and a longer marketing timeframe differentiates the EXPO initiative from Freddie’s standard pool auctions. “This is intended to provide smaller investors extra time to secure funds to participate in Freddie Mac NPL auctions,” said the GSE. Qualified buyers have until June 2, 2015, to bid on the loans and the...

The outstanding supply of Fannie Mae and Freddie Mac single-family servicing contracted slightly during the first quarter of 2015, but that didn’t stop a number of nonbank servicers from continuing to grow.The two GSEs had a total of $4.015 trillion of servicing attached to mortgage-backed securities at the end of March, according to a new Inside The GSEs analysis of MBS disclosures.That was down 0.1 percent from the fourth quarter of last year, although the MBS data usually don’t match aggregate disclosures made by the GSEs themselves and they don’t include non-securitized loans. The top five GSE servicers all saw their portfolios decline in early 2015. The biggest drops in percentage terms were by Chase Home Finance, down...(includes one data chart)

Most of the slack is being taken up by nonbanks, which serviced $1.571 trillion of agency MBS at March 31.

Most of Altisource's business is tied to Ocwen, which is in the process of ridding its servicing portfolio of agency loans.

Five Oaks will retain all the subordinate classes, the servicing rights and the IOs.

The agency mortgage servicing market grew modestly during the first quarter of 2015, thanks to Ginnie Mae and Freddie Mac, according to a new Inside Mortgage Finance analysis of agency mortgage-backed securities disclosures. Lenders serviced a total of $5.287 trillion of single-family mortgages pooled in outstanding agency MBS as of the end of March, up 0.1 percent from the fourth quarter of 2014. The figures do not include unsecuritized loans guaranteed by the two government-sponsored enterprises or, in the case of Ginnie, FHA-insured reverse mortgages. And the numbers don’t perfectly synch up with aggregated reports by the agencies of their guaranteed mortgage debt outstanding. All three of the top agency MBS servicers had...[Includes two data charts]

Green Tree Servicing agreed to pay $63 million to settle allegations made by two federal agencies regarding its servicing practices. The settlement includes $48 million in consumer redress and a $15 million civil money penalty. Green Tree did not admit or deny the allegations. The Consumer Financial Protection Bureau and the Federal Trade Commission said...

The top contributor to the new Credit Suisse jumbo deal is New Penn, which is controlled by MBS co-inventor Lew Ranieri.

Qualified buyers have until June 2 to bid on the Miami-based loans.