DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/551252
ยป VISIT US ONLINE @ DSNEWS.COM 83 Alabama RANK: 32 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 3.08% 0.98% 5.8 YEAR AGO 3.58% 1.13% 7.1 YEAR-OVER-YEAR CHANGE -13.8% -12.9% -1.3 Top County COVINGTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 2.54% 1.98% YEAR AGO 3.32% 2.00% YEAR-OVER-YEAR CHANGE -23.7% -0.7% Top Core-Based Statistical Area 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 6.14% 1.56% YEAR AGO 5.60% 1.53% YEAR-OVER-YEAR CHANGE 9.5% 2.4% MOBILE, AL 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Arkansas RANK: 25 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 2.78% 1.40% 5.7 YEAR AGO 3.31% 1.57% 6.3 YEAR-OVER-YEAR CHANGE -16.1% -10.7% -0.6 Top County PIKE COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.79% 3.32% YEAR AGO 4.54% 1.00% YEAR-OVER-YEAR CHANGE -60.7% 232.8% Top Core-Based Statistical Area BLYTHEVILLE, AR 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 4.84% 2.83% YEAR AGO 4.91% 2.79% YEAR-OVER-YEAR CHANGE -1.5% 1.4% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida RANK: 4 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 2.52% 3.08% 5.6 YEAR AGO 3.03% 5.58% 6.4 YEAR-OVER-YEAR CHANGE -16.9% -44.8% -0.8 Top County WASHINGTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 3.31% 6.89% YEAR AGO 3.71% 10.92% YEAR-OVER-YEAR CHANGE -10.9% -37.0% Top Core-Based Statistical Area WAUCHULA, FL 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 3.49% 6.20% YEAR AGO 3.88% 8.26% YEAR-OVER-YEAR CHANGE -9.8% -25.0% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida Adriana M Montes, MBA Florida Dreams Realty Group adriana@FloridaDreamsRealty.com Cell 321 689 6258 www.fl oridadreamsrealty.com MEMBER IN THE NEWS Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service Florida-based research and document pro- cessing company Nationwide HED Clearing (NTC) is now offering a complete collateral file audit and remediation service, according to an announcement from NTC. Collateral files are audited by a team of professionals who use NTC's document and research retrieval methods to bring the files up to a transferable standard and cure any excep- tions. e collateral file audit and remediation service is customizable and can be tailored to specific portfolios, investors, and objectives, according to NTC. "e value of a mortgage-based loan port- folio is directly impacted by the completeness and accuracy-or lack thereof-of the collateral files of the loans of which it is comprised," NTC CEO John Hillman said. "In some portfolios we have audited, we have found errors in 40 percent to 60 percent of the loans. Remediating the exceptions in these loans increases the value of the entire portfolio, and enables the owner of the portfolio to make more money with each sale." NTC reports that the principal benefits of the collateral file audit and remediation service are complete file management under one servicer, which includes shipping, storage, re- mediation, assignments, property reports, ex- ception management, and reporting; a reduced amount of money wasted from buybacks and/ or reintegration into servicing departments; more certainty about representations and war- ranties from buyers; and the value of the assets presented for sale would be increased. For most NTC clients, the collateral file audit and remediation service represents and investment with an immediate payback; there- fore, interest in the service is high, according to NTC. e collateral file audit and remediation service of NTC includes file intake, inventory, imaging, and indexing; complete collateral file creation; a fully customizable audit to the client's specifications, curative and remedial actions for any exceptions, and complete file management. e service also offers a variety of property reports that are customizable to in- dicate lien position, broken assignment chains, the current beneficiary, or the current owner of the property. NetDirector Launches Integration With Fannie Mae's Default Managing Reporting System Cloud-based data exchange provider Net- Director, headquartered in Tampa, Florida, has announced the launch of an integration