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65 » VISIT US ONLINE @ DSNEWS.COM www.results-software.com powered by: VALUE ADDED SERVICES Property Maintenance Cleaning Services Landscaping Pools: Service/Repair/Maintenance Rehabs Tree Removal Remodels Plumbing Services Electrical Garage Doors Repair Services Eviction / Re-Key Services Foundations Interior & Exterior Painting Flooring Sales & Installation Roofi ng A/C & Heat Pest Control Appliances Service areas inclusive of, but not limited to: TX, OK, TN, GA, MS, LA, AR, AL, MO, KS Truly Noble Services, Inc. | www.trulynobleservices.com | (855) 898-2455 We've honed our skills for over 25 + years as a leading services provider in property preservation, rehabs, and repairs. Our commitment to bringing quality and consistency of services to the forefront shows in our dedication to training and constant technology updates to ensure our customers that we will be there for future support in services. All this commitment has laid the foundation for our long term success. From real estate agents to corporate clients who need anything from property maintenance to remodeling, we will show you why Truly Noble Services has earned the reputation as the service provider of choice. Where Servicing and Property Services Meet PROUD TO BE A VETERAN OWNED AND OPERATED BUSINESS VISIT US AT BOOTH 226 DURING THE FIVE STAR CONFERENCE AND EXPO P R O U D S U P P O R TE R S E P T E M B E R 1 7 T H , 2 0 1 5 DATA SHOWS DEFAULT RATES HIT NEW LOWS Recently released data from S&P Dow Jones Indices and Experian shows default rates across the country and across the financial spectrum aren't just on a steady decline; they hit new lows in May. According to the S&P/Experian Consumer Credit Default Indices, four of the five cities the companies studied through May reported declines in default rates for the second straight month. Overall, default rates were 0.88 percent in May, which is down nine points from April. e default rate on first mortgages also dropped nine points to an all-time low of 0.74 percent, while defaults on second mortgages fell to their own historical low of 0.42 percent, a one-point drop from April. e Dallas market made the biggest month- to-month headway with a 20-point drop in default rates from April to May. at drop gave Dallas its all-time low default rate of 0.70 percent. New York and Miami posted their second consecutive decreases. New York reported a historical low of 0.95 percent, down 15 points, while Miami's three-point drop gave the city a 1.17 percent default rate. Meanwhile, Chicago reported its third consecutive decrease, posting a default rate of 1 percent, down five points from April. e only increase—and for the third straight month—occurred in Los Angeles, where default rates jumped five points to 0.95 percent. David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said the decrease in default is expected to continue for the foreseeable future. e Federal Reserve reported that consumer wealth was at a peak in the first quarter of 2015 and consumers are spending, he said. As for the housing sector, Blitzer said, "e combination of low debt service and economic expansion should ease worries about the fallout some fear when the Federal Reserve boosts interest rates." Blitzer was especially bullish about the recovery in Miami, which was crippled by debt and default when the crisis hit. e figures from Miami and Los Angeles, despite the uptick in default rates there, are still excellent and have bettered pre-crisis numbers, he said. "ese figures are another indication that housing is recovering," Blitzer said. "Moreover, other data on financial difficulties confirm that foreclosures are declining and consumers' capability and willingness to borrow are improving." The number of foreclosure starts in June 2015, a decline of 3.5 percent from May and 10.5 percent year- over-year. Source: Black Knight Financial Services STAT INSIGHT 79,000

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