DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/105636
VISIT US ONLINE @ DSNEWS.COM South Carolina rank: 13 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.69%4.47% 9.1% year ago 3.54%3.67% 10.4% percent point change -24.0%21.6% -12.5% Top County HAMPTON COUNTY 90+ Day Delinquency Rate Foreclosure Rate may 2012 6.45%8.06% year ago 9.23%5.55% percent point change -30.2%45.3% Top Core-Based Statistical Area MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC 90+ Day Foreclosure Delinquency Rate Rate may 2012 2.18%5.75% year ago 3.48%5.76% percent point change -37.3%-0.2% 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. South Carolina David Wertan Charleston and Mount Pleasant, South Carolina RE/MAX Advanced Realty 843.270.6455 (c) 843.972.2400 (o) www.davidwertan.com david@davidwertan.com SFR, GRI, CRS, 203k Specialist Office of the Comptroller of the Currency found it to be undercapitalized beyond repair without government intervention. Bank of North Carolina in Thomasville will assume $53.1 million in deposits and $41 million of the closed bank's $54.4 million in assets. The FDIC will retain the remaining assets for later disposition. The seizure of Carolina Federal Savings Bank is expected to cost the FDIC's insurance fund an estimated $15.2 million. Tennessee rank: 35 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 4.09%2.22% 7.9% year ago 4.31%2.40% 9.4% percent point change -5.1% -7.3%-16.0% Top County 90+ Day Delinquency Rate KNOW THIS SCOTT COUNTY Foreclosure Rate may 2012 South Carolina's Charleston and Hilton Head Island were both named among RealtyTrac's "10 best beach towns for foreclosure bargains," with distressed property discounts of 34% and 31%, respectively. South Dakota 3.96%5.73% year ago 3.90%4.22% percent point change 1.7%35.7% Top Core-Based Statistical Area MEMPHIS, TN-MS-AR 90+ Day Delinquency Rate may 2012 Foreclosure Rate 6.70%3.28% year ago 5.72%2.64% percent point change 17.0%24.5% 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. Tennessee rank: 48 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 1.02%1.54% 4.3% year ago 1.09%1.55% 4.8% percent point change -6.3% -0.4%-10.4% Top County TURNER COUNTY 90+ Day Delinquency Rate may 2012 Foreclosure Rate Kristy Hairston Tennessee's Top Producer kristyhairston@gmail.com 615-212-5010 cell 2.00%3.45% year ago 1.85%3.00% IN THE NEWS percent point change 8.1%14.8% South Carolina Sees First Bank Closing of 2012 Carolina Federal Savings Bank in Charleston, South Carolina, became the second South Carolina bank and the 26th bank nationwide to close this year. The FDIC stepped in on June 8 to shut down the South Carolina lender after the Top Core-Based Statistical Area SIOUX CITY, IA-NE-SD 90+ Day Foreclosure Delinquency Rate Rate may 2012 1.54%1.63% year ago 1.50%1.69% percent point change 2.6%-3.5% 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. STAT INSIGHT $278,000 Average single-family price for listings in Nashville, Tennessee, in the first quarter. Source: HomeValueForecast.com 103