DS News - Digital Archives

August, 2012

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IN THE NEWS RE/MAX North Central Agents, Teams Recognized as Top Professionals RE/MAX North Central in Bloomington, Minnesota, announced that one of its agents and two of its teams were named in the Wall Street Journal/REAL Trends' list of the top 1,000 real estate professionals and teams in the country. The agents and teams were selected based on 2011 annual sales volume and transaction sides. Jason Stockwell ranked 53rd among individual sales professionals based on transaction sides. He represents RE/MAX Results in Edina, Minnesota. In the team rankings, RE/MAX Advantage Plus of Lakeville, Minnesota, ranked third by transaction sides and 21st by transaction volume. The RE/MAX Advantage Plus group in Savage, Minnesota, ranked 51st in the team category by transaction sides and 176th by transaction volume. "This recognition is representative of the commitment RE/MAX agents have to providing their homebuyers and sellers with the best results possible, supported by RE/MAX North Central's comprehensive set of training, tools, and resources," said David Linger, regional director of RE/MAX North Central. "Congratulations to all of our agents and teams named to this list." its technology assets and innovation, such as ResultsConnect, a new system that lets brokers easily track clients' social media activities. "Being named to Star Tribune's 100 Top Workplaces couldn't have happened without our associatess and employees' dedication and hard work—they are our most valued assets," said Lynn Foulke, CEO of RE/MAX Results. "We strive to create an innovative environment, providing them with the best tools available to streamline their efforts and find success." The awards are determined by a survey conducted through an independent research firm. Employees ranked their workplaces based on company leadership, communication, career opportunities, workplace environment, managerial skills, pay, and benefits. More than 330 public, private, and nonprofit companies took part in the survey, revealing responses from more than 71,000 Minnesota employees. RE/MAX Results is based in Eden Prairie, Minnesota, and is the largest privately owned residential real estate brokerage in the state with the longest consecutive original ownership. 94 rank: 40 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.74%1.89% 7.3% year ago 2.94%1.87% 8.6% percent point change -6.9%0.8%-15.1% Top County MCDONALD COUNTY 90+ Day Delinquency Rate Foreclosure Rate may 2012 2.46%4.25% year ago 4.51%3.10% percent point change -45.4%37.3% Top Core-Based Statistical Area FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 90+ Day Foreclosure Delinquency Rate Rate may 2012 2.46%4.25% year ago 4.51%3.10% percent point change -45.4%37.3% 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 May 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS Mississippi rank: 15 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 5.33%3.97% 8.7% Mortgage Returns Offers Program to Help Lenders Find Customers year ago 5.72%3.36% 10.7% percent point change -6.8% 18.2%-18.7% Top County RE/MAX Results Named to Star Tribune 100 Top Workplaces The Star Tribune 100 Top Workplaces named RE/MAX Results the third-best place to work among large companies in the state of Minnesota. RE/MAX Results was chosen for its cutting-edge innovation and technology, according to a company statement. Star Tribune's 100 Top Workplaces award is based entirely on employee opinions and recognizes Minnesota's most progressive companies. In Star Tribune's coverage, the brokerage is commended for Missouri COVINGTON COUNTY 90+ Day Delinquency Rate may 2012 Foreclosure Rate 4.90%6.08% year ago 4.96%4.62% percent point change -1.1%31.4% Top Core-Based Statistical Area PASCAGOULA, MS 90+ Day Delinquency Rate may 2012 Foreclosure Rate 4.53%5.04% year ago 4.81%4.35% percent point change -5.9%15.9% 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 May 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Following the Federal Housing Administration's (FHA) decision to cut up-front mortgage insurance premiums for certain loans, the St. Louis-based mortgage technology company Mortgage Returns announced a new service to help lenders identify new business opportunities created by the rate reduction. The decision to cut up-front mortgage insurance premiums could affect up to 3.4 million homeowners, some of whom are still underwater on their loans. According to the FHA, the fee cuts could save the average borrower with an interest rate of 5 percent or higher up to $4,000 a year. "Customer loyalty in the mortgage industry continues to be a challenge. Seventy-five percent of customers that have closed loans will choose a different lender to close their next loan," said Jim Blatt, CEO of Mortgage Returns. "[A]s new legislation and programs are introduced, lenders need to quickly identify

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