DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/149153
Louisiana Maryland rank: 20 90+ Day Delinquency Rate Foreclosure Rate May 2013 3.2% rank: 9 Unemployment Rate 2.5% 6.8% 90+ Day Delinquency Rate Foreclosure Rate May 2013 3.7% 3.9% year ago 3.4% 3.3% 6.8% 3.9% 4.8% 0.0% -5.7% -18.6% Top County SoMerSeT CounTy 90+ Day Delinquency Rate Foreclosure Rate 90+ Day Delinquency Rate May 2013 5.2% 5.5% 5.6% 4.6% 8.1% year ago 7.7% 4.6% year-over-year change -7.9% 8.4% year-over-year change -28.2% -0.4% Top Core-Based Statistical area -3.4% Top Core-Based Statistical Area BaSTroP, La 90+ Day Delinquency Rate CAMBridge, Md Foreclosure Rate 90+ Day Delinquency Rate May 2013 5.9% 3.8% 4.0% 7.1% year ago 5.4% 4.9% year-over-year change 1.5% -29.1% -18.7% rank: 5 Foreclosure Rate May 2013 Unemployment Rate 5.4% 6.8% year ago 5.4% 7.3% year-over-year change -1.5% -6.8% Top County WashingTon CounTy 90+ Day Foreclosure Delinquency Rate Rate May 2013 4.7% 12.0% year ago 4.1% 12.7% year-over-year change 14.6% -5.1% Top Core-Based statistical area LeWisTon-auBurn, Me 90+ Day Foreclosure Delinquency Rate Rate May 2013 3.3% 7.1% year ago 3.8% 6.7% year-over-year change 5.1% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. 82 -8.9% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Maine -13.7% 7.8% year-over-year change 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. -16.4% Foreclosure Rate May 2013 year ago 5.9% Foreclosure Rate May 2013 year ago 3.0% -1.5% Top County ST. Bernard PariSh 2.5% 6.8% year-over-year change -25.4% 90+ Day Delinquency Rate 6.7% year ago year-over-year change -4.9% Unemployment Rate Long & Foster Purchases Llewellyn Realtors Long & Foster Real Estate, Inc., strengthened its presence in Maryland with the acquisition of Llewellyn Realtors, a company specializing in residential real estate in Montgomery County. As part of the acquisition, Llewellyn, which has a team of more than 80 agents, will operate under the Long & Foster brand. Charles M. Llewellyn started the company in 1959. Currently, Charles "Charlie" P. Llewellyn heads the company. He began his real estate career in 1980 and achieved the thirdhighest sales volume in Montgomery County. "Backed by the powerful Long & Foster brand, our agents will be able to take our great client service to an entirely new level," Charlie Llewellyn said. "This amplifies our ability to offer cutting-edge technology, expansive market awareness, and extensive marketing options for our sellers. I have confidence and trust in Long & Foster to take great care of our family of agents and clients." IndiSoft Ventures into Commercial Real Estate with Valuation Portal IndiSoft, a global technology development firm based in Columbia, Maryland, now serves the commercial real estate industry with its RxOffice Valuation Portal. Brillion Asset Solutions, Inc., a commercial valuation services provider headquartered in Newport Beach, California, is one company using the Valuation Portal. The Webbased application connects Brillion to real estate agents and clients such as banks, credit unions, real estate investment trusts (REITs), private equity funds, and hedge funds. Through Valuation Portal, Brillion employs one platform to receive orders and produce reliable and timely valuation reports, IndiSoft explained. The portal also supports several of Brillion's valuation products, including its commercial property inspection and broker opinion of value (BOV) services. In addition, the platform includes an accounting interface to manage payments and fees, among other features. "The technology is simple for agents to use and helps them receive compensation more quickly," said John Fukuda, CEO of Brillion. "The platform unifies everyone through a common interface and has the robust features and applications to improve our overall productivity and client relationships." "Based on the positive effect that RxOffice has had on the residential real estate industry, making the platform available to the commerical market has been a natural next step for IndiSoft," explained Sanjeev Dahiwadkar, CEO and founder of IndiSoft. "This expansion makes it possible for us to help companies such as Brillion, which is using the Valuation Portal to give all parties transparency to track the progress of their orders and effectively streamline the entire valuation process." KNOW THIS Maryland has the fifth highest rate of seriously delinquent GSE loans among all states. A total of 27,270, or 4.2%, of Fannieand Freddie-owned loans in the state are 90+ days delinquent or in foreclosure.