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» VISIT US ONLINE @ DSNEWS.COM 5 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff e latest information from S&P Dow Jones Indices and Experian found three of the five major metropolitan statistical areas had higher default rates in October compared to September. ATTOM Data Solutions reported that lenders repossessed 13,484 properties in October 2019. MORTGAGE DEBT HITS NEW HIGHS INSIDE THE JOURNAL // ON THE WEB // THE APP SPECTRUM // MOVERS & SHAKERS TAKE A LOOK INSIDE THE NUMBERS D A T A B I T S Source: "LendingTree Reveals the Most Stretched Homebuyers in America for 2019" 10 MOST LEVERAGED CITIES IN AMERICA 10 LEAST LEVERAGED CITIES IN AMERICA 1 PITTSBURGH 2 CLEVELAND 3 DETROIT 4 CINCINNATI 5 INDIANAPOLIS, INDIANA 6 ST. LOUIS 7 HOUSTON 8 MEMPHIS, TENNESSEE 9 COLUMBUS, OHIO 10 MILWAUKEE 1 LOS ANGELES 2 SAN DIEGO 3 SALT LAKE CITY 4 SAN FRANCISCO 5 DENVER 6 RIVERSIDE, CALIFORNIA 7 SAN JOSE, CALIFORNIA 8 SEATTLE 9 BOSTON 10 PORTLAND, OREGON Mortgage debt has increased to $9.44 trillion according to the latest Quarterly Report on Household Debt and Credit from the New York Federal Reserve. Household debt in total increased by $92 billion (0.7%) to $13.95 trillion in Q 3 2019. is is the 21st consecutive quarter with an increase, and the total is now $1.3 trillion higher, in nominal terms, than the previous peak of $12.68 trillion in the third quarter of 2008. Mortgage balances—the most significant component of household debt— rose by $31 billion in the third quarter to $9.44 trillion. Balances on home equity lines of credit (HELOC), which have been declining since 2009, fell by $3 billion this quarter, bringing the aggregate outstanding balance to $396 billion. "New credit extensions were strong in the third quarter of 2019, with auto loan originations reaching near-record highs and mortgage originations increasing significantly year-over-year," said Donghoon Lee, research officer at the New York Fed. "e data suggest that households are taking advantage of a low-interest-rate environment to secure credit." Credit standards tightened slightly in the third quarter of 2019, with the median credit score of newly originating mortgage borrowers rising to 765, a 6-point increase from the previous quarter. e New York Fed also notes that flows into delinquency among mortgage loans were mostly unchanged from the previous quarter, and foreclosures remain very low by historical standards. Approximately 65,000 individuals had a new foreclosure notation added to their credit reports between July 1- September 30, 2019. As of June 2018, CoreLogic notes that the national share of mortgages that were in some stage of delinquency was 4% in June 2019—a 0.3 percentage point decline, compared to last year's 4.3%. e share of mortgages that are delinquent more than 90 days fell from 1.2% to 0.9%, and the percentage of mortgages that were more than 120 days delinquent dropped to 1% from 1.4% in June 2018. PAGE 14 EVP, Chief Servicing Officer, BSI FIVE MINUTES WITH WITH John Lawrence RANKING METRO RANKING METRO "New credit extensions were strong in the third quarter of 2019... The data suggest that households are taking advantage of a low-interest- rate environment to secure credit." — Donghoon Lee, Research Officer, New York Fed

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