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Rhode Island South Dakota rank: 14 90+ Day Delinquency Rate Foreclosure Rate August 2013 4.1% rank: 43 Unemployment Rate 2.9% 9.1% 90+ Day Delinquency Rate Foreclosure Rate August 2013 0.8% 4.2% 10.4% 1.0% 1.5% -12.5% -18.2% Top County -32.5% MCCook CounTy 90+ Day Delinquency Rate August 2013 Foreclosure Rate August 2013 3.5% 2.1% 5.2% 1.4% 3.3% 54.2% Top Core-Based Statistical Area 32.9% Top Core-Based Statistical Area PRovIdenCe-new BedfoRd-fAll RIveR, RI-MA 90+ Day Foreclosure Delinquency Rate Rate August 2013 yAnkTon, SD 90+ Day Delinquency Rate 2.7% 0.5% 1.2% year ago 4.2% 1.2% year-over-year change 8.7% Foreclosure Rate August 2013 year ago 3.9% 1.5% year-over-year change -35.3% -58.1% 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 August 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. -18.7% 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 August 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. South Carolina 90+ Day Delinquency Rate 90+ Day Delinquency Rate Foreclosure Rate August 2013 rank: 38 2.3% Unemployment Rate 2.7% 8.1% Foreclosure Rate August 2013 3.4% 2.5% 1.1% 4.4% 9.1% 3.7% -37.7% 1.9% -11.0% -8.7% 3.5% 90+ Day Delinquency Rate 3.9% 9.2% Top Core-Based Statistical area orangeBurg, SC Foreclosure Rate August 2013 2.7% 5.2% -39.5% Top Core-Based Statistical Area BrownSville, Tn 90+ Day Delinquency Rate August 2013 7.8% Foreclosure Rate 1.9% year ago 6.1% 8.0% 3.3% year-over-year change year-over-year change -4.3% 4.3% 44.1% year ago 4.7% 2.6% year-over-year change -27.4% 4.5% Foreclosure Rate year ago year-over-year change 90+ Day Delinquency Rate SCoTT CounTy August 2013 6.7% -1.4% 4.9% Top County Foreclosure Rate year ago 3.5% 8.1% -42.1% Top County HampTon CounTy 90+ Day Delinquency Rate August 2013 8.5% year-over-year change year-over-year change -9.0% Unemployment Rate year ago year ago -14.1% 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 August 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. -2.9% -4.3% Tennessee's Home Price Index as of July 2013 compared to its peak. Source: CoreLogic IN THE NEWS Tennessee rank: 17 90 STAT INSIGHT year-over-year change -33.5% 4.2% 615 Woodland Street Nashville, TN 37206 Office: 615-369-3278 Cell: 615-390-5247 www.FindAHomeInNashvilleTN.com year ago year-over-year change 4.3% Foreclosure Rate Kristy Hairston Village Real Estate Services 4.3% year ago 4.8% -15.6% Top County PRovIdenCe CounTy 5.1% 4.5% year-over-year change -32.5% 90+ Day Delinquency Rate 3.8% year ago year-over-year change 4.7% Unemployment Rate 1.0% year ago 3.9% Tennessee -41.6% 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 August 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Iron Hound Negotiates Interest Forgiveness in Multifamily Debt Restructuring Iron Hound Management Company, LLC, a real estate investment company specializing in commercial debt and equity transactions and commercial loan restructuring, recently completed the restructuring of the $18 million securitized loan on two garden style apartment complexes in Memphis, Tennessee. Iron Hound arranged interest forgiveness, interest deferral, waiver of prepayment penalties and preferred return for new equity on the assets. The CMBS loan was transferred to special servicing with LNR Partners in November 2012 due to cash flow issues. "We were able to negotiate a deal that alleviated the property cash flow issues, while the sponsors provided new equity that will improve the properties and increase occupancy," said John Wood, managing director of Iron Hound. "Iron Hound was able to restructure the debt payments on these multifamily properties and allow the owners to concentrate on leasing and repositioning the assets."