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» Texas rank: 46 90+ Day Delinquency Rate Foreclosure Rate november 2012 2.55% Unemployment Rate 1.20% 6.2% year ago 2.80% 1.55% 7.6% percent point change -9.2% -23.0% -18.4% Top County 90+ Day Delinquency Rate Morris CounTy Foreclosure Rate november 2012 3.14% 2.89% year ago 2.58% 2.00% percent point change 21.6% 44.4% Top Core-Based statistical Area JACksonville, TX 90+ Day Delinquency Rate Foreclosure Rate november 2012 2.65% 2.28% year ago 3.59% 2.68% percent point change -26.2% -15.1% 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. Texas Danny Norwood Legacy Real Estate 432-413-2764 cell danny@dannynorwood.com www.dannynorwood.com IN THE NEWS Nationstar Purchases $215B in MSRs from BofA Nationstar Mortgage, LLC, in Lewisville, Texas, agreed to purchase residential mortgage servicing rights (MSRs) in the amount of $215 billion in unpaid principal balance from Bank of America (BofA). Nationstar entered into the agreement in early January with backing from Newcastle Investment Corp., based in New York, and Fortress Fund, based out of Barbados. Each company will retain one-third interest in the MSRs, and Nationstar will service all the loans. The purchase price for the portfolio is $1.3 billion. "We are confident that we will be able to offer customers a smooth transition and look forward to improving the overall portfolio performance for all stakeholders," said Jay Bray, CEO of Nationstar. While the agreement between BofA and Nationstar is solid, Nationstar awaits approvals from investors and other third parties. The company expects most of the MSR purchases to obtain approvals in the first quarter of this year. In terms of unpaid principal balance, the MSR portfolio from BofA is 47 percent government-backed, with guarantees from Fannie Mae, Freddie Mac, or Ginnie Mae. The remaining 53 percent of the portfolio consists of private-label securities. With the purchase, Nationstar's customer base expands from 1.2 million to more than 1.5 million, and its servicing portfolio swells to $425 billion. An additional $13 billion is also being added to Nationstar's portfolio as a result of another servicing acquisition from BofA in the final quarter of last year. Newcastle will invest $340 million in the deal announced last month. Additionally, Newcastle has pursued its own excess MSR deal with Ginnie Mae, in which the company invested $27 million in a Ginnie Mae portfolio with $13 billion in unpaid principal balance. Newcastle plans to distribute shares of its subsidiary New Residential Investment Corp., thus spinning off all its excess MSRs in the first quarter of this year. "I am very pleased to announce these significant investments in Excess MSRs and the spin-off of New Residential," said Kenneth Riis, CEO of Newcastle. "We believe these investments offer a compelling opportunity to drive attractive returns for shareholders." These announcements from Nationstar and Newcastle follow announcements from Fannie Mae and BofA regarding their repurchase claim agreement. As part of the agreement, BofA will transfer 941,000 loans to specialty servicers such as Nationstar. VISIT US ONLINE @ DSNEWS.COM "Experience is the Difference" Servicing all of Central Texas » All Licensed Real Estate Team Approach » REO Sales Experts » BPOs » In-House Legal Department » Oversee Trash Outs » Cash For Keys » Evictions » Bids & Repairs www.HouseGals.com Michelle Sheehan, Broker 512-251-4950 (Direct Line) HouseGals@gmail.com 1420 Hwy 685 Pflugerville, TX 78660 512-989-1094 (Fax) The "Original" HouseGals 123

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