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» Iowa Kansas rank: 28 rank: 32 90+ Day Delinquency Rate Foreclosure Rate June 2013 1.5% Unemployment Rate 2.2% 4.6% 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.0% 1.7% 2.8% 5.3% 2.3% 2.1% -13.2% Top County -11.6% -27.3% Foreclosure Rate June 2013 5.8% BourBon CounTy 90+ Day Delinquency Rate June 2013 1.4% 3.5% 2.8% 3.2% year-over-year change 64.7% Top Core-Based Statistical area -50.3% 12.0% Top Core-Based Statistical Area ClInTon, Ia 90+ Day Delinquency Rate Winfield, KS Foreclosure Rate 90+ Day Delinquency Rate June 2013 2.8% Foreclosure Rate June 2013 4.2% 1.8% 3.2% year ago 3.3% My emphases on marketing selling closing properties in record time and numbers year ago year-over-year change -59.4% Foreclosure Rate Sellin' Ellen 3.6% year ago 7.1% 0.0% Top County FranklIn CounTy 2.9% 5.8% year-over-year change -22.3% 90+ Day Delinquency Rate 5.8% year ago year-over-year change -12.0% Unemployment Rate 1.5% year ago Serving: Johnson, Wyandotte, Leavenworth, Miami, Jackson, Clay & Cass Counties Sells and closes majority of REO properties in same month. Inventory is handed in an effective timely maner. year ago 4.3% 2.3% year-over-year change -13.2% VISIT US ONLINE @ DSNEWS.COM 2.5% year-over-year change -2.3% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Well Fargo Exits Mortgage Joint Ventures, Will Shed 300 Jobs Wells Fargo Ventures, LLC, a Des Moinesbased subsidiary of Wells Fargo & Co., will exit from its eight joint ventures in mortgage lending due to "the current regulatory and market environment," the company said. More specifically, Wells Fargo said, "[S]tate and federal oversight have increased the complexity and difficulty of operating mortgage joint ventures." The wind down, which will take place over the next 12 to 18 months, will impact about 300 mortgage workers. "This decision reflects our response to new operating realities and our commitment to continuously improving our business model," said Franklin Codel, EVP and head of mortgage production. Joint venture customers with a pending loan application will continue to have their applications processed by the joint venture. -24.3% 27.5% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Appraisers Uneasy About Rising Prices, Low Inventory A recent survey from United States Appraisals shows appraisers are less confident in the overall state of the housing market than they were at the end of the first quarter. The quarterly survey was completed by the Overland Park, Kansas-based company's nationwide panel of residential appraisers. When asked about their current level of confidence in the housing market, 49.6 percent of respondents answered "mildly or moderately" strong, while 14.5 percent said "mildly or moderately weak." The level of confidence observed in the Q2 survey was slightly below that of the Q1 survey, when 54.5 percent of appraisers indicated a mildly or moderately strong outlook. Neutral replies increased from 24.8 percent after the first quarter to 29.7 percent after the second. "Appraisers tend to focus on the local markets in which they work and are not typically concerned with national numbers or reporting," said Aaron Fowler, president Awards: Top Gun Silver Award, Realty Executives International 2012, Ranked #2 Realty Executives Mid -America Region 2012, Ranked #20 Kansas City Business Journal 2012 Specializing in: REO, Short Sale, REO to Rental, Property Management, Hedge Funds Your Greater Kansas City REO expert Marketed REO Properties Certified ShortSale Expert REO Rental and Property Management. Ellen S. Brewood Realty Executives of KC 11401 Ash, Leawood, KS 66209 eb-kcreo@sbcglobal.net 913-221-3348 cell 913-962-4100 ext. 103 office 913-962-4140 fax www.kcreosales.com NAWRB WWW.NAWRB.COM ESTABLISHED 2009 123