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ยป VISIT US ONLINE @ DSNEWS.COM 117 Mississippi RANK: 22 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 4.43% 1.62% 6.6 YEAR AGO 5.31% 1.65% 7.6 YEAR-OVER-YEAR CHANGE -16.5% -1.7% -1 Top County WINSTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 6.16% 3.90% YEAR AGO 9.60% 3.27% YEAR-OVER-YEAR CHANGE -35.9% 19.4% Top Core-Based Statistical Area VICKSBURG, MS 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 7.86% 3.10% YEAR AGO 10.23% 2.71% YEAR-OVER-YEAR CHANGE -23.2% 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 June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. North Carolina RANK: 34 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2015 1.90% 0.90% 5.8 YEAR AGO 2.40% 0.99% 6.2 YEAR-OVER-YEAR CHANGE -20.6% -8.7% -0.4 Top County HERTFORD COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 6.43% 2.74% YEAR AGO 5.99% 2.37% YEAR-OVER-YEAR CHANGE 7.3% 15.6% Top Core-Based Statistical Area LUMBERTON, NC 90+ Day Foreclosure Delinquency Rate Rate JUNE 2015 4.41% 2.06% YEAR AGO 4.70% 1.47% YEAR-OVER-YEAR CHANGE -6.2% 39.8% 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 June 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS RoundPoint's Rating Outlook Adjusted From Stable to Negative Fitch Ratings confirmed that borrower- focused company RoundPoint Mortgage Servicing Corporation's (RPMS's) residential mortgage servicer ratings have been adjusted. Fitch determined that RoundPoint's U.S. residential primary servicer rating for subprime product is 'RPS3+' and the U.S. residential special servicer rating is 'RSS3+'. In addition, the rating outlooks have been revised to 'nega- tive' from 'stable.' "Fitch has placed the servicer ratings on Outlook Negative based on the corporate restructuring," Fitch noted. "Additionally, given elevated earnings pressure associated with corporate changes, Fitch believes the servicer's dependency upon parent company support is now heightened in order to maintain expected balance sheet growth and meet earn- ings targets." e rating affirmations are based on RPMS's continued investment in its compli- ance management system, experienced man- agement team and staff, increased automation, and enhanced servicing system and processes, Fitch says. e servicer's effective staffing, recruiting and retention program, and its "White Glove" customer service that focuses on improving customer service disciplines throughout the organization is also taken into consideration. RPMS was servicing 249,162 loans totaling $46.9 billion as of March 31, Fitch reports. is was comprised of 226,618 agency loans totaling $44 billion and 3,400 non-agency RMBS loans for $610 million and 19,144 loans serviced for others totaling $2.1 billion. RPMS has operated as a standalone business entity since October 2014, accord- ing to Fitch. Shared corporate functionalities and expenses between the parent company, RoundPoint Financial Group (RPFG) and RPMS, were terminated. In addition, two of RPFG's executive officers transitioned to the servicing operations. In October 2014, RPMS's sister company, RoundPoint Mortgage Company (RPMC), terminated its operation as an originator of residential mortgage loans. RPMC previously provided refinancing programs and acted as a conduit for flow servicing for RPMS. Fitch does not believe that RPMC's exit will have a material impact on RPMS's servicing opera- tion. "e ratings also take into consideration RPMS's enterprise risk management practic- es," Fitch said. "e servicer was fully compli- ant with its 2014 Regulation AB reporting and stated that it has no outstanding regulatory issues concerning its servicing platform. In addition, the ratings reflect RPMS's enhanced default management capabilities, effective staff performance, incentive, and management oversight programs. e ratings also reflect the financial condition of RPMS, a non-publicly rated entity, as financial condition is a compo- nent of Fitch's servicer ratings." Brady & Kosofsky Receives Certifications for Two Compliance Audits Matthews, North Carolina-based full- service real estate, REO, loss mitigation, and closing law firm Brady & Kosofsky P.A. has announced it received two certifications as a result of recent service auditor's reviews, the Service Organization Controls (SOC) 2 Type II and the American Land Title Association (ALTA) Best Practices, under section 9540 of the American Institute of CPA's (AICPA) Statutory Codification. "Successfully completing audits for SOC 2 TYPE 2 and ALTA Best Practices demon- strates Brady & Kosofsky's commitment to delivering a compliant, efficient solution for closing and title services," said Jaime Kosof- sky, one of the founding partners of the firm. "We're particularly proud that these certifica- tions address not only the entire stack from data center through the closing table but also across our vendor panels, so our clients can rely on us, knowing their content is secure, and they will receive the same high level of legal service they have grown accustomed to over the years." e audits were performed by CPA firm KSJC of Irvine, California. e two certi- fications indicate that Brady & Kosofosky has satisfied industry-accepted benchmarks established by ALTA Best Practices and at that same time demonstrated its commitment to compliance by simultaneously complet- ing a SOC 2 Audit. Both audits apply to the full range of Brady & Kosofsky's services the firm provides throughout the spectrum of its practice. Also, both reviews are based on