Servicing

With financial regulatory policy a major issue in an election year, topics like a pending mortgage settlement and the Consumer Financial Protection Bureau could get strong billing in Tuesday's State of Union.

Recently we heard that the FDIC unloaded a $900 million pool of nonperforming and troubled notes, but the agency failed to release a press release on the deal. (It was a structured finance transaction.) In November 2010 the FDIC sold a $23 billion package of MSRs tied to the failed AmTrust Bank. No press release was issued on that deal either.

The Federal Trade Commission and the Consumer Financial Protection Bureau have entered into a memorandum of understanding to coordinate investigations and law enforcement actions while avoiding duplication.

When President Obama installed Richard Cordray as director of the Consumer Financial Protection Bureau, industry observers declared that a lawsuit was imminent.

The state attorney general leading settlement talks with the country's top mortgage servicers batted down speculation Monday that a deal had been reached.

Valuation Vision, a subsidiary of The Kirchmeyer Group, has launched a new product that acts as an alternative to a traditional broker price opinion.

It would cost Fannie Mae and Freddie Mac almost $100 billion to write down the principal on the underwater loans they control to current market values, according to a new estimate released by the Federal Housing Finance Agency.

Some of the healthiest markets in the country for home builders are in North Carolina. But the safest place is an active-adult mecca called The Villages in Florida.

Magyar Bank, the principal subsidiary of Magyar Bancorp, disposed of $6.3 million in real estate owned assets last year.

MountainSeed Appraisal Management, an Atlanta-based vendor of appraisal management services to community and regional financial institutions, has officially been endorsed as a preferred provider of the Virginia Bankers Association.