IN THE NEWS
Georgia
rank: 30
90+ Day
Delinquency Rate
Foreclosure
Rate
october 2012
4.15%
Unemployment
Rate
2.18%
8.7%
year ago
4.37%
2.95%
9.7%
percent point change
-5.1%
-26.3%
-10.3%
Top County
ClayTon CounTy
90+ Day
Delinquency Rate
october 2012
Foreclosure
Rate
9.12%
4.34%
year ago
9.22%
5.43%
percent point change
-1.0%
-20.1%
Top Core-Based Statistical area
ThomaSTon, Ga
90+ Day
Delinquency Rate
Foreclosure
Rate
october 2012
6.53%
3.32%
year ago
6.06%
2.97%
percent point change
7.7%
11.7%
note:
The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in
foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest
decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of
Labor Statistics. All other data courtesy of Lender Processing Services.
Georgia
Nancie Lyons
Realty
NANCIE LYONS
c: 828.361.0003
www.nancielyons.com
nancie@nancielyons.com
MEMBER
STAT INSIGHT
-2.43%
Decline in home prices in
Augusta, Georgia from Q3
2011 to Q3 2012.
Source: Federal Housing Finance Agency
136
Ocwen, Walter
Investment Receive
Court Approval for
ResCap Bid
Ocwen Loan Servicing, LLC and Walter
Investment Management Corp. announced
in November 2012 that the U.S. Bankruptcy
Court for the Southern District of New York
approved their bid for Residential Capital,
LLC (ResCap).
In October 2012, Ocwen and Walter
Investment won a bid priced at $3 billion for
ResCap's mortgage servicing and originations businesses. The two companies outbid
Nationstar.
The transaction is expected to close in
the first quarter of this year, according to the
announcements. ResCap's portfolio included
an unpaid principal balance (UPB) of $374
billion and 2.4 million loans.
In a release, Ocwen CEO Ron Faris said,
"The approval of the Bankruptcy Court is
an important next step towards completing our acquisition of ResCap's private label
and Freddie Mac servicing assets, which we
believe will significantly advance Ocwen's
strategic goals to expand our servicing platform and portfolio."
In addition to the ResCap bid, Atlantabased Ocwen also entered into an agreement
to purchase Homeward Residential. According to Ocwen's third quarter earnings report,
the acquisition of ResCap and Homeward
will place Ocwen as the fifth largest servicers
in the United States.
Building a name in the REO industry over
the past 25 years, Marc Oppenheimer and
his team have become synonymous as one
of the most successful REO teams in the
metro ATLANTA area.
Marc, who is a proven REO market leader,
utilizes his local real estate knowledge,
experience and education for the benefit of
his clients. He has in depth experience on
fund portfolio acquisition for rental or resale.
He is a certified CDPE Short Sale and a
NAR BPOR.
In a changing housing market and today's
technology, Marc will put you in front of the
competition and the world.
ATLANTAREO.COM is ranked #1 on
. Rely on a name and a team
you can trust!
Georgia Bank Failure
Brings 2012 Tally to 50
Marking the fiftieth bank closing
nationwide in 2012, the two branches of
Hometown Community Bank in Braselton,
Georgia shut their doors Friday, November
16 and reopened Saturday, November 17 as
branches of CertusBank, National Association of Easley, South Carolina.
After the Georgia Department of Banking and Finance shut down the failed bank
Friday, the FDIC entered a purchase and
assumption agreement with CertusBank,
which has agreed to assume all deposits and
nearly all assets of the shuttered bank.
Hometown Community Bank is the
tenth Georgia bank to close 2012.
Marc Oppenheimer
Associate Broker, CDPE / BPOR
1854 Independence Square
Suite D
Dunwoody, GA 30338
Phone: (770) 668-0063
Cell: (678) 296-6550
oppy@atlantareo.com
