In what was Ocwen's second report on consumer relief under the NMS, the Atlanta-based servicer reported that through the end of the fourth quarter in 2014, 21,257 borrowers had completed first-lien modifications and benefited from $1.9 billion in consumer relief.

Fannie Mae announced on Wednesday that it will make available for purchase to qualified bidders a bundle of approximately 3,200 non-performing single-family residential mortgage loans (NPLs) totaling about $786 million in unpaid principal balance (UPB). This will be Fannie Mae's first bulk sale of NPLs as the GSEs push to clear deeply delinquent loans from their mortgage portfolios at the behest of their conservator, the Federal Housing Finance Agency (FHFA).

An early look at the realtor.com national monthly housing data, which is based on the first three weeks of March, showed that housing demand is surging and median list prices are rising faster.

When figuring in distressed sales (short sales and REO transactions), home prices jumped by 5.6 percent year-over-year in February, according to CoreLogic's February 2015 Home Price Index released on Tuesday.

Foreclosure starts dropped off by 15 percent according to Black Knight Financial Services' February 2015 Mortgage Monitor released earlier this week, almost reversing the spike they experienced in January – indicating that foreclosure starts may be leveling off and even nearing pre-recession numbers.

The March employment summary released last week by the Bureau of Labor Statistics (BLS) showed only 126,000 jobs added for the month, which was less than half of the monthly average (266,000) for the 12 previous months, may have played a role in the lack of growth in consumer optimism. That same BLS March employment summary reported an average wage gain of just 2.1 percent year-over-year up to $24.86 per hour.

New Residential Investment and Home Loan Servicing Solutions (HLSS) announced the mutual termination of a merger agreement originally announced on February 22 and instead announced the two firms have entered into a purchase agreement.

"We have less than one basis point, 0.73 complaints per loan in Q1 of 2013 and while we did see a slight rise through Q4 2014 it’s really insignificant," said Dori Daganhardt, VP of Product Marketing, Data, and Analytics Division with Black Knight, and the author of the white paper. "It doesn’t suggest that we get an A plus as an industry on managing the complaints related to performing loans, but I think it does suggest that there is more discovery that can be done.

Investors who sought low prices on distressed inventory with a high return on investment took advantage of opportunities in Q1. With an absence of traditional homebuyers, investors reduced high distressed saturation rates by creating more demand, thus driving up home prices in key recovering metros, according to Clear Capital.

While this STACR offering will be similar to Freddie Mac's recent STACR transactions, the difference will be that losses will be allocated based on actual losses realized on the related reference obligations as opposed to allocating losses to the debt notes based on a fixed severity approach.