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Oregon rank: 19 90+ Day Delinquency Rate Foreclosure Rate december 2012 2.20% Unemployment Rate 3.08% 8.4% year ago 2.29% 3.31% 9.0% percent point change -4.0% -7.2% -6.7% Top County 90+ Day Delinquency Rate CrOOk COunTy Foreclosure Rate december 2012 2.47% 6.36% year ago 2.86% 7.34% percent point change -13.5% -13.4% Top Core-Based Statistical Area Prineville, Or 90+ Day Delinquency Rate Foreclosure Rate december 2012 2.47% ���We understand that saving up enough money to purchase a home is still tough in today���s economic climate, and we felt it was important to launch our reduced rates program to ensure that potential buyers in these critical markets had the opportunity to take next step. We applaud our active military personnel and veterans, who have sacrificed so much to serve our country, and believe this program honors their commitment to our nation.��� Headquartered in Bellevue, Washington, NexTitle is a full-service title and escrow agency that also has offices in California, Idaho, Nevada, Colorado, Arizona, and Hawaii. While the program is currently only offered in Oregon, the program may expand nationally, depending on performance in the state. STAT INSIGHT 56,529 6.36% year ago 2.86% 7.34% percent point change -13.5% -13.4% 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 December 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary December 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Total home sales in Oregon from December 2011 to December 2012. Source: CoreLogic IN THE NEWS NexTitle Offers Reduced Escrow Rate Program in Oregon NexTitle is offering a reduced escrow rate program in Oregon for active military personnel, veterans, and first-time homebuyers. According to a company announcement, the program will lead to a savings of ten percent off the escrow fee. The reduced rates can be applied to any escrow services closed in Oregon. In order to obtain the reduced rates, active and retired military personnel must present their military identification card before signing with an approved NexTitle lender. First-time homebuyers need to show the lender���either through a certificate or proof of purchase���they���ve taken a course or completed an official first-time homebuyer program. ���We are thrilled to offer reduced rates to first-time homebuyers and military personnel in the greater Portland area,��� said Wayne Baldwin, Oregon manager of NexTitle. 102 Pennsylvania rank: 16 90+ Day Delinquency Rate 3.06% Foreclosure Rate december 2012 Unemployment Rate 3.47% 7.9% year ago 3.22% 3.35% 7.7% percent point change -5.0% 3.3% 2.6% Top County Monroe CounTy 90+ Day Delinquency Rate december 2012 6.30% Foreclosure Rate 13.05% year ago 6.86% 11.76% percent point change -8.2% 10.9% Top Core-Based Statistical Area eAST STroudSBurg, PA 90+ Day Foreclosure Delinquency Rate Rate december 2012 6.30% 13.05% year ago 6.86% 11.76% percent point change -8.2% note: 10.9% 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 December 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary December 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS FFN Announces Offering for $85M in Loans from NOVA Bank On behalf of the FDIC, First Financial Network, Inc. (FFN) is selling $85 million in loans from the failed NOVA Bank based in Berwyn, Pennsylvania. On October 26, 2012, state regulators closed the bank and FDIC became the appointed receiver. Through FFN���s Loan Sale Network platform, qualified investors will have access to due diligence information and will also be able to place bids, due March 5, 2013. Due diligence materials became available to bidders on February 4 at FirstFinancialNet. com. The loans for sale include commercial real estate, residential, C&I and asset based lending whole loans, and loan participations held by NOVA. According to a release, the NOVA bank loans are offered in two separate portfolios based on asset class. The first portfolio consists of 13 performing and non-performing bank loan participations, in which NOVA was the lead leader, and add up to about $20 million. The loan participations are secured by commercial real estate properties mainly located in Pennsylvania. The loan participations will be sold on an individual basis and are only for FDIC-insured institutions. The second portfolio holds about 500 performing and non-performing commercial real estate, residential, C&I, asset based lending and home equity lines of credit loans, and non-lead loan participations totaling about $65 million. The loans are secured by commercial and residential properties in Pennsylvania, New Jersey, New York, and Florida. This offering is open to all investors as long as they meet FDIC���s vetting requirements. ���NOVA Bank and its 12 branches were closed in October of last year, opening up the door for two offerings that represent an excellent acquisition opportunity both locally in the Philadelphia area and nationally for investors and banking institutions,��� said Bliss Morris, founder and CEO of FFN. Headquartered in Oklahoma City, Oklahoma, FFN sells billions of dollars in loans and other assets in 28 countries. The company also provides loan file imaging and