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District of Columbia rank: 20 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.8% Unemployment Rate 2.5% 8.6% year ago 3.4% 2.7% 9.0% year-over-year change -17.1% -7.2% -4.4% Top County DisTriCT of Columbia 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.8% 2.5% year ago 3.4% 2.7% year-over-year change -17.1% -7.2% Top Core-based statistical area WashingTon-arlingTon-alexanDria, DC-Va-mD-WV 90+ Day Foreclosure Delinquency Rate Rate July 2013 2.5% 2.1% year ago 1.5% 1.5% year-over-year change 65.8% 43.6% 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 July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Fannie Recognizes Top-Performing Servicers with STAR Results The results are out for Fannie Mae's program that recognizes top-performing servicers. Known as the Servicer Total Achievement and Rewards (STAR) program, the initiative was launched to establish servicing standards and acknowledge servicers for the D.C.-based GSE that stand out for their performance, customer service, and foreclosure prevention efforts. Only servicers with STAR scorecard results that are at or above median levels compared to the others in their peer group receive recognition. Servicers are broken down into different peer groups based on portfolio composition and size. Servicers in peer group one service more than 215,000 Fannie Mae loans, group two has more than 75,000 loans, while group three has at least 500. Servicers recognized for the first half of 2013 in peer group one were Green Tree 76 Servicing, Nationstar Mortgage, Ocwen Financial, PHH Mortgage, PNC Financial Services Group, Seterus, and Wells Fargo. In peer group two, Fannie Mae gave a nod to Fifth Third Bank and Regions Bank. Meanwhile, servicers acknowledged in the third group were Capital One, Colonial Savings, M&T Bank, Navy Federal Credit Union, Sovereign Bank, and Third Federal Savings and Loan. For the first time, the 2013 midyear results also included key metrics to measure servicer performance and foreclosure prevention efforts. "Our mortgage servicers' efforts are critical to keeping people in their homes, preventing foreclosures, and stabilizing communities," said Leslie Peeler, SVP of Fannie Mae's National Servicing Organization (NSO). "With our expanded 2013 mid-year assessment, we continue to recognize servicers that are on track to meet overall performance scorecard goals while also recognizing more servicers that are top performers in specific operational areas," Peeler continued. "We are working hard to share more information regarding our STAR assessment process so the industry can more easily identify and adopt best practices for the benefit of homeowners." The specific metrics used to examine performance and foreclosure prevention results included a servicer's ability to assist 90-plusday delinquent borrowers; efficiency when helping borrowers retain their homes; and liquidation efficiency when handling short sales and deeds-in-lieu. Among those three metrics, Fannie Mae recognized servicers who showed leading performance when compared to their peer groups. Three servicers were recognized for their ability to handle 90-plus-day delinquent accounts: Seterus, Regions Bank, and Branch Banking & Trust Company (BB&T). Seterus also stood out for retention efficiency, along with OneWest Bank and Colonial Savings. The servicers that were acknowledged for liquidation efficiency included GreenTree Servicing, Fifth Third Bank, and Navy Federal Credit Union. KNOW THIS Prospective borrowers in D.C. have the strongest profiles in the nation when it comes to qualifying for a home loan with an average credit score of 689 and average LTV of 85.3%, according to a LendingTree study. Florida rank: 1 90+ Day Delinquency Rate Foreclosure Rate July 2013 3.6% Unemployment Rate 9.0% 7.1% year ago 4.1% 13.4% 8.7% year-over-year change -13.4% -32.5% -18.4% Top County OkeeChObee COunTy 90+ Day Delinquency Rate Foreclosure Rate July 2013 4.7% 13.0% year ago 4.0% 18.4% year-over-year change 17.1% -29.5% Top Core-based Statistical Area OkeeChObee, FL 90+ Day Delinquency Rate Foreclosure Rate July 2013 4.7% 13.0% year ago 4.0% 18.4% year-over-year change 17.1% -29.5% 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 July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. "Specializing in the marketing and sales of luxury, equestrian/farm/land and REO Properties from Miami To Palm Beach" Cinthia Ane Keller Williams Luxury Properties Reo Home Team (954) 218-3231 phone (954) 607-5818 fax cinthia@kw.com www.MyLuxuryHomeSouthFlorida.com www.REOHomeTeam.com