DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/462940
88 Texas RANK: 40 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.21% 0.71% 4.9 YEAR AGO 2.35% 0.99% 6.1 YEAR-OVER-YEAR CHANGE -5.9% -28.8% -1.2 Top County HOUSTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.67% 3.21% YEAR AGO 1.72% 2.78% YEAR-OVER-YEAR CHANGE -2.7% 15.6% Top Core-Based Statistical Area BROWNWOOD, TX 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.85% 1.82% YEAR AGO 3.58% 1.86% YEAR-OVER-YEAR CHANGE -20.5% -2.2% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Matt Martin Real Estate Acquires Online Real Estate Auction Company Matt Martin Real Estate Management (MMREM), a diversified real estate services firm headquartered in North Texas, an- nounced it has executed a definitive agree- ment to acquire online real estate auction company, RealtyBid.com. Founded in 2001 by a group led by real estate auction veteran Tony Isbell, RealtyBid was one of the earliest movers in the online property auction arena. It specializes in the expedited sale of many classes of residen- tial and commercial real estate, including bank-owned assets, investment properties, condominiums, and others. Working through RealtyBid, MMREM hopes to expand its capabilities and speed up its property disposition, the company said. "Our company has been at the forefront of diversified property services for ten years, and has thrived by being nimble and innova- tive," said Matt Martin, CEO of MMREM. "Online processes are the future for real estate asset sales, and MMREM is now able to help clients make that evolutionary change with the additional synergies provided by RealtyBid.com." Under the acquisition agreement, Real- tyBid will retain its brand name and operate as a wholly owned subsidiary of MMREM, keeping its current management team. Financial details were not disclosed. "We founded RealtyBid.com to accelerate transactions and streamline the real estate sales process for all parties," said Isbell, who will continue to serve as president of Real- tyBid. "Like MMREM, RealtyBid.com is dedicated to constant improvement, innova- tion, and delivering outstanding value to the real estate and financial industries." Virginia RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.82% 0.59% 5 YEAR AGO 1.98% 0.79% 5.3 YEAR-OVER-YEAR CHANGE -8.4% -25.7% -0.3 Top County SMYTH COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.60% 2.13% YEAR AGO 1.71% 2.39% YEAR-OVER-YEAR CHANGE 52.0% -11.1% Top Core-Based Statistical Area MARTINSVILLE, VA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 3.73% 1.81% YEAR AGO 3.14% 1.17% YEAR-OVER-YEAR CHANGE 18.7% 54.7% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. West Virginia RANK: 30 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.62% 1.13% 6.3 YEAR AGO 2.32% 1.43% 6.2 YEAR-OVER-YEAR CHANGE 12.7% -21.2% 0.1 Top County WYOMING COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.32% 3.35% YEAR AGO 3.04% 3.60% YEAR-OVER-YEAR CHANGE 42.3% -7.0% Top Core-Based Statistical Area WHEELING, WV-OH 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.41% 1.69% YEAR AGO 2.27% 1.18% YEAR-OVER-YEAR CHANGE 6.3% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Alaska RANK: 51 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 0.89% 0.49% 6.6 YEAR AGO 1.08% 0.71% 6.5 YEAR-OVER-YEAR CHANGE -17.3% -31.2% 0.1 Top County NOME CENSUS AREA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.81% 1.58% YEAR AGO 1.16% 0.69% YEAR-OVER-YEAR CHANGE 56.6% 128.0% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.69% 1.10% YEAR AGO 2.13% 1.34% YEAR-OVER-YEAR CHANGE -20.5% -17.8% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Virginia's unemployment rate was 5.0 percent for November 2014, down 0.3 percentage points from the previous month, according to the U.S. Bureau of Labor Statistics. KNOW THIS