Housing and economic activity has returned to or exceeded normal levels in 68 of about 360 metropolitan areas in the country (about 19 percent) as of the end of Q1 2015, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) released Wednesday.

Nationstar Mortgage Holdings reported a net loss of $48 million, or $0.53 per share, for the first quarter of 2015 compared with a net income of $19 million ($0.21 per share) for the previous quarter, according to an announcement from the Lewisville, Texas-based residential mortgage servicer on Tuesday morning.

Freddie Mac's net income for the first quarter of 2015 totaled $524 million, nearly double the total of a profitable but somewhat slow fourth quarter, according to Freddie Mac's Q1 2015 Financial Report released Tuesday morning. It marked the 14th consecutive quarter of profitability for Freddie Mac.

Since 2012, all GSE profits have been swept into Treasury. The GSEs each have a capital buffer of $1.8 billion, but it is required to be reduced by $600 million per year until it reaches zero by 2018. The Enterprises would require another draw on Treasury should their losses exceed their capital buffer.

Freddie Mac will be reporting its financial results for the first quarter of 2015 on Tuesday, May 5, according to an announcement from the GSE. The results will be announced before the U.S. financial markets open via a conference call at 9 a.m. Eastern time on Tuesday, May 5.

The number of loan servicing, escrow, and payment-related complaints has been relatively stable with the volume of current inventory over the two-year period of 2013 and 2014. As of the end of 2014, the number of such complaints averaged less than one per every 10,000 current loans (0.77).

The company's Q1 2015 preliminary revenue of $510.4 million represents a 7 percent year-over-year decline, and preliminary income from operations dropped from $202.1 million in Q1 2014 down to $132.1 million in Q1 2015. Meanwhile, preliminary cash flow from operating activities for Q1 totaled $323 million, a year-over-year increase of 65 percent.

The fact that the Enterprises remain in conservatorship of the FHFA has been a contentious topic among lawmakers and housing industry stakeholders in recent months. Fannie Mae and Freddie Mac returned to profitability in 2012, but those profits declined substantially from 2013 to 2014. Recent reports, including one from the FHFA Inspector General, have warned that the profitability of the GSEs might not continue even though the conservatorship probably will.

Inspectors have the ability to collect property condition data and corresponding photo evidence using Safeguard's Mobile Inspections Quality Control suite, which includes INSPI Mobile, INSPI QC, and MapAlert. Inspectors can submit real-time results from the field using the suite.

Fannie Mae chief economist and SVP Doug Duncan pointed out that the actuals as far as housing–existing home sales, new home sales, and prices–were either at or very close to their predicted levels during Q1, and mortgage purchase applications have been way up for the last couple of months.