Servicing

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.

Redwood Trust is starting to feel like the Maytag repairman of the jumbo MBS market: it sits all alone with no company.

With record low mortgage rates, decreasing home prices and relatively mild weather throughout the country, many states are experiencing home sale increases this winter compared to previous years.

Just when Redwood Trust was starting to look a bit like the Maytag repairman of the jumbo MBS market, we began to hear reports this week that two top 10 ranked banks are working on jumbo deals - for later in the year.

Republic Mortgage Insurance Co. has been placed under supervision by the North Carolina Department of Insurance, its parent company Old Republic International Corp. announced.

State attorneys general will meet Monday to discuss a potential settlement with bank servicers over the robo-signing scandal, according to a spokesman for Iowa AG Tom Miller.

Roughly $30 billion of Freddie Mac servicing rights that once belonged to the now defunct Taylor, Bean & Whitaker Mortgage Corp. could hit the market next month, according to officials close to the auction.

Sales of existing single-family homes rose in December for the third straight month and Realtors are hoping it could be the start of a long-awaited recovery in the housing market.