DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/143997
Wingspan Holds Ribbon Cutting for Florida Operation Georgia rank: 4 Wingspan Portfolio Advisors, a component and specialty mortgage servicer based in the Dallas area, cut the ribbon officially marking the unveiling of its new Florida-based operation in May. Wingspan acquired the servicing operation, based in Melbourne, Florida, from JPMorgan Chase in February, retaining nearly all 400 employees as part of the company's plan to expand its service offerings. The invitation-only grand opening celebrated the company's new Florida presence and its first operation outside of the Dallas area. The acquisition of the Melbourne operation brings Wingspan's employee count to almost 2,000 in four locations in Texas and Florida, with approximately 420,000 square feet of office space. "We are delighted to preserve a wellspring of experience here in Melbourne that benefits our clients across the country as we help build the mortgage industry of the post-crisis era," said Wingspan president and CEO Steven Horne. Georgia rank: 31 90+ Day Delinquency Rate Foreclosure Rate April 2013 3.5% Unemployment Rate 1.9% 8.2% year ago 4.2% 2.7% 9.1% year-over-year change -17.1% -30.9% -9.9% Top County ClayTon CounTy 90+ Day Delinquency Rate April 2013 7.4% Foreclosure Rate 4.1% year ago 8.9% 5.2% year-over-year change -17.0% -20.9% Top Core-Based Statistical area ThomaSTon, Ga 90+ Day Delinquency Rate Foreclosure Rate April 2013 4.7% 3.0% year ago 5.7% 3.5% year-over-year change -16.2% -12.0% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. 74 Hawaii Marc Oppenheimer Associate Broker, CDPE / BPOR Serving REO Since 1987 1854 Independence Square, Suite D Atlanta, GA 30338 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com www.atlantareo.com 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.2% Unemployment Rate 5.8% 4.9% year ago 2.4% 6.5% 6.1% year-over-year change -9.6% -9.6% -19.7% Top County Hawaii CounTy 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.6% 10.7% year ago IN THE NEWS 3.0% 11.6% year-over-year change Johnson & Freedman, RCO Legal Join Operations Atlanta-based Johnson & Freedman, L.L.C. has joined forces with RCO Legal, P.S., a law firm with a similar mortgage default and foreclosure practice based in Bellevue, Washington. Together, the two firms are operating as RCO Legal. Key members of Johnson & Freedman joined RCO to provide management and legal resources to the combined firm. RCO says it has also hired many key employees of Johnson & Freedman to assist in the expansion efforts and to assure clients of continuity of service. The partnership results in representation in 15 states including Alabama, Arizona, California, Florida, Georgia, Idaho, Montana, Mississippi, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Virginia, and Washington. The firms focus their practices on mortgage foreclosure, bankruptcy, eviction, litigation, closings, replevin, commercial litigation, collections, and general real estate matters. "I have had the pleasure of working with Joel Freedman and Larry Johnson over the past several months, and deeply respect their experience and long-held relationships in the mortgage banking sector," said Stephen Routh, founding shareholder of RCO Legal. "This agreement allows RCO Legal to intelligently and strategically expand our national footprint and deliver a greater breadth of services and expertise to our clients. We anticipate a seamless transition as we combine firms." RCO Legal will continue to work closely with allied firms RCO Legal-Alaska, Inc., and RCO Hawaii, L.L.L.C. -12.7% -7.8% Top Core-Based Statistical area Hilo, Hi 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.6% 10.7% year ago 3.0% 11.6% year-over-year change -12.7% -7.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Idaho rank: 29 90+ Day Delinquency Rate Foreclosure Rate April 2013 1.7% Unemployment Rate 2.3% 6.1% year ago 2.0% 2.9% 7.3% year-over-year change -13.0% -19.9% -16.4% Top County LInCoLn CounTy 90+ Day Delinquency Rate April 2013 2.2% Foreclosure Rate 5.2% year ago 6.3% 6.3% year-over-year change -65.0% -18.3% Top Core-Based Statistical Area 90+ Day Delinquency Rate BurLey, ID Foreclosure Rate April 2013 1.5% 4.0% year ago 1.7% 3.3% year-over-year change -12.0% 21.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.