After losing 32,000 jobs in January, nonfarm employment rebounded in February, adding 58,800 jobs in February, according to the Wells Fargo Economics Group. February's increase reflected a 2.3 percent growth over the past year, creating a net gain of 345,600 jobs.

In a press release issued by Fitch Ratings, the company comments that the past year has seen a "sea change" in who is servicing severely delinquent U.S. mortgage loans—and how they are being serviced. Fitch found that 2013 saw many portfolios of non-agency residential mortgage-backed securities (RMBS) mortgage servicing rights (MSR) move from banks to non-bank servicers.

U.S. residential sale volume decreased in February, with distressed sales and investor purchases also pulling back for the month. RealtyTrac's February 2014 Residential & Foreclosure Sales Report found that U.S. residential properties slid .2 percent from January, but remain up 7 percent from the same time period a year ago.

Data released by S&P Dow Jones Indices and Experian found that national credit default rates during the month of February declined. The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, found that the national composite rate was 1.30 in February, down from 1.34 in January.

RealtyTrac announced Wednesday it has entered the tax, deed, and mortgage data licencing business, making it the first new entrant in the business in more than a decade.

Consequences stemming from the expiration of the Mortgage Forgiveness Debt Relief Act may be surfacing, according to a perspective piece written by CoreLogic’s Kathryn Dobbyn. The piece found that throughout 2012 and into 2013, short sales had been steadily declining, partly due to rising home prices.

Speaking at the fifth annual Five Star Government Forum on Tuesday, Christopher Whalen presented on the topic, "Government's Role in Restoring a Healthy Mortgage Market." Whalen's presentation focused on the effects of government regulations on the housing industry.

January, 2014 experienced an increase in house prices, which rose by .5 percent on a seasonally adjusted basis from the previous month. According to the Federal Housing Finance Agency (FHFA) House Price Index (HPI), for the year beginning January, 2013 to January 2014, the HPI increased by 7.4 percent. Prices have increased for 23 of the last 24 months, beginning in February, 2012.

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) released a report detailing the results of an audit performed on pre-foreclosure property inspections. The audit was conducted after the FHFAOIG learned of fraudulent property inspections reports submitted to the FHFA, Fannie Mae, and Freddie Mac by a contractor resulted in $12.7 million in payouts.

A new report issued by the Illinois Association of Realtors (IAR) found a decrease in home sales and an increase in median price in February. The IAR noted that median prices increased 6.9 percent, while home sales decreased by 6.2 percent last month.