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» Florida rank: 1 90+ Day Delinquency Rate Foreclosure Rate november 2012 4.20% Unemployment Rate 11.83% 8.1% year ago 4.42% 14.08% 10.1% percent point change -5.0% -16.0% -19.8% Top County OkeeChObee COunTy 90+ Day Delinquency Rate Foreclosure Rate november 2012 4.06% 17.57% year ago 4.50% 17.71% percent point change -9.7% -0.8% Top Core-based Statistical Area OkeeChObee, FL 90+ Day Delinquency Rate Foreclosure Rate november 2012 4.06% 17.57% year ago 4.50% 17.71% percent point change -9.7% -0.8% 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 November 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary November 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Florida Adriana M Aleman, MBA Florida Dreams Realty Group aaleman@floridadreamsrealty.com Cell 321 689 6258 www.floridadreamsrealty.com MEMBER IN THE NEWS Walter Investment Enters Agreement to Acquire S1L, Announces Two Additional Servicing Deals Florida-based Walter Investment Management Corp. announced the signing of a definitive agreement to acquire all the stock of Security One Lending (S1L), a California-headquartered retail and wholesale reverse mortgage loan originator. According to a release from Walter Investment, the transaction—valued at $31 million—consists of $20 million paid in cash at the time of signing (December 31, 2012) and an additional $11 million to be paid upon S1L's achievement of certain designated performance targets over the next year. "We are extremely pleased to add the S1L business to the Walter Investment portfolio," said Mark J. O'Brien, chairman and CEO of Walter Investment. "This acquisition creates a combined platform with diverse, established originations channels without significant overlap. Additionally, S1L is managed by a seasoned team with deep experience in both the reverse and forward mortgage spaces, which adds significant depth to the existing RMS management structure. "We continue to believe the reverse mortgage sector has very attractive long-term growth prospects and believe S1L is uniquely positioned to help us capitalize on these prospects by capturing greater market share in the coming year. We anticipate that the pooled strengths of our businesses will enhance our ability to take advantage of these opportunities," O'Brien added. Walter Investment's board of directors has already approved the transaction, and closing is subject to regulatory approval and other consents. The company expects to complete the transaction during Q1 2013. Walter Investment also announced two definitive agreements—one with Bank of America and another with MetLife Bank. The company revealed plans to acquire about $93 billion of Fannie Mae-backed residential servicing assets, including related advance receivables of about $1 billion from Bank of America. The acquisition is priced at $519 million for the mortgage servicing rights (MSRs) and includes 650,000 loans. Walter Investment also announced plans to acquire MetLife's residential mortgageservicing platform. The company did not disclose the price of the transaction. The deal does not include any loans or mortgage servicing rights. Green Tree Credit Solutions, a whollyowned subsidiary of Walter Investment, will employ about 300 of MetLife's servicing employees. The company says it expects to continue operations at the Irving, Texas location. VISIT US ONLINE @ DSNEWS.COM REO SHORT SALE PROP MGMT NPL RESULTS... PERIOD. Adriana M Aleman, MBA Owner. Real Estate Broker REO, Short Sale, Prop Mgmt, & NPL Director Luxury Home Specialist Multimillion Dollar Producer Juris Doctorate Candidate 2015 Barry University Awarded #48 of Top 250 Latino Real Estate Agents in US! Advisory Board Member for The Force (Five Star/DS News)! 2704 Rew Cr 102 Ocoee FL 34761 (407) 654-9992 Office (321) 689-6258 Mobile (407) 574-2252 Fax Aaleman@FloridaDreamsRealty.com www.FloridaDreamsRealty.com http://Adriana.mfr.mlxchange.com SERVING METRO ORLANDO & CENTRAL FLORIDA MEMBER 107