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ยป VISIT US ONLINE @ DSNEWS.COM Compiled by the DS News Staff INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM SERVICERS ASSERT ALL NATIONAL MORTGAGE SETTLEMENT OBLIGATIONS FULFILLED The monitor "Bank of overseeing America, Citi, Chase, The settlement servicers' and Wells Fargo fulfillment of the have subsequently monitor and his National Mortgage asserted to me that team have devoted they have completed Settlement issued a report last month more than 12,000 their respective on the five servicers' Smith hours to ensuring obligations," started progress satisfying said. "I have the consumer relief compliance and my review process obligations outlined assessing consumer and will submit final in the agreement. crediting reports to "[E]ach servicer relief credits. the court when and [has] made if I determine the substantial progress credited relief meets toward its required consumer relief and refinancing the settlement's obligations." commitments," said Joseph A. Smith, Smith added that he "hopes and settlement monitor. expects" to report on each servicer's Smith's report covers servicer final satisfaction of the settlement activities through December 31, 2012, consumer relief obligations in the which have been vetted and verified coming months. by the Office of Mortgage Settlement Ally Financial reported back in Oversight. Each servicer's internal February that it completed all of its review group provided Smith with required consumer relief actions under information on the servicers' crediting the settlement. progress in February of this year. Smith confirmed Ally's assessment Since then, Smith and his team of providing more than $257 million in have devoted more than 12,000 hours relief to customers in the form of loan thoroughly reviewing, testing, and modifications, short sales, principal retesting the internal groups' reports forgiveness, and other forms of to ensure compliance and ascertain how much of the required relief credit mortgage help. Ally was only required has been completed, the settlement under the settlement to provide $200 monitor explained. million in consumer relief. A look at facts you didn't know you couldn't live without Foreclosure sales are averaging 61,000 a month nationwide in 2013 versus 73,000 a month in 2012, according to Lender Processing Services. top10 Take a look inside the numbers data b i t s TOP PERFORMING MARKETS Core-Based Statistical Area Quarterly Home Sales* Foreclosure % of Sales Nassau County-Suffolk County, NY 5,5852.17% Silver Spring-Frederick-Rockville, MD 2,4992.46% Boulder, CO 1,031 3.65% Lubbock, TX 1,010 4.24% Hilo, HI 387 5.18% Bend-Redmond, OR 980 5.54% Indianapolis-Carmel-Anderson, IN 7,125 5.83% Fort Collins, CO 1,468 6.24% Oklahoma City, OK 4,786 6.59% Washington-Arlington-Alexandria, DC-VA-MD-WV9,113 6.62% BOTTOM PERFORMING MARKETS Core-Based Statistical Area Quarterly Home Sales* Foreclosure % of Sales Pensacola-Ferry Pass-Brent, FL 1139 37.03% Palm Bay-Melbourne-Titusville, FL 2002 55.05% Duluth, MN-WI 622 11.92% Shreveport-Bossier City, LA 923 13.24% Little Rock-North Little Rock-Conway, AR1751 14.82% Kingsport-Bristol, TN-VA 514 18.01% Clarksville, TN-KY 794 19.02% Killeen-Temple, TX 464 19.35% Charleston, WV 309 0.68% Jacksonville, NC 560 24.35% Source: Home Value Forecast, a strategic partnership between Pro Teck Valuation Services and Collateral Analytics. *Quarterly home sales is a rolling three-month total of existing-home sales for the period ending in September The net percent of banks reporting stronger demand for consumer loans broke into positive territory in August after five years of negative readings, the economics team at Wells Fargo Securities reports. 7