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» VISIT US ONLINE @ DSNEWS.COM 7 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff According to ATTOM Data Solutions' February 2017 Foreclosure Activity Report, the national rate of bank repossession dropped 7 percent from the previous month in February 2017, and are down 18 percent year-over-year. According to the CFPB, debt collection, credit reporting, and mortgage were the top three most-complained about consumer financial products and services, collectively representing about 62 percent of complaints submitted in February 2017. GSEs COMPLETE 50K FORECLOSURE PREVENTIONS, MOST EXTEND-TERM INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM TAKE A LOOK INSIDE THE NUMBERS D ATA B I T S Source: ATTOM Data Solutions' 2016 Property Tax Analysis MARKETS WITH THE HIGHEST AND LOWEST PROPERTY TAXES ON SINGLE-FAMILY HOMES IN 2016 New Jersey $8,477 2.31% Illinois $4,845 2.13% Texas $4,660 2.06% New Hampshire $5,935 2.03% Vermont $5,150 2.02% Connecticut $6,963 2.00% Pennsylvania $3,900 1.89% New York $7,013 1.88% Ohio $2,616 1.68% Rhode Island $5,195 1.64% LEAST TAXED STATES Hawaii $2,489 0.32% Alabama $776 0.48% Colorado $2,046 0.52% Tennessee $981 0.54% Delaware $1,526 0.56% West Virginia $802 0.57% South Carolina $1,294 0.63% District of Columbia $4,915 0.64% Nevada $1,873 0.64% Utah $1,948 0.65% State Average Property Taxes Effective Property Tax Rate State Average Property Taxes Effective Property Tax Rate PAGE 30 SVP of Default Servicing Ocwen Financial Corporation FIVE MINUTES WITH WITH Patrick Cox Fannie Mae and Freddie Mac completed 190,000 foreclosure prevention actions last year, the Federal Housing Finance Agency reported. A quarter of those occurred in Q 4. FHFA stated in its fourth quarter Foreclosure Prevention Report that the GSEs have completed nearly 4 million foreclosure preventions since the agencies went into conservatorship in 2008. at number includes 2 million permanent loan modifications. Modifications with extend-term only accounted for 40 percent of all loan modifications in Q 4. at's a small dip from Q 3. FHFA attributed increases in house prices over the past couple of years to a generally increased home equity—even for delinquent homeowners. is, the agency wrote, influenced the types of loan modifications. "Interest rate reductions are generally offered to borrowers with modest or no home equity," the report stated. "is has contributed to lower concessions on loan modifications, which is reflected in the size of payment change." e report also found that as the reduction in payment change has decreased over the past couple of years, the level of delinquencies after modification has increased slightly. Modifications with principal forbearance increased to 25 percent. ere were 28,629 permanent loan modifications in Q 4, FHFA reported. e GSEs also completed 8,800 repayment plans and 2,300 forbearance plans during the quarter. e number of mortgages in early delinquency (30 to 59 days) rose from 385,000 to just past 402,000 from Q 3 to Q 4. At the same time, homes in severe delinquency (past 90 days) dropped from approximately 320,000 to almost 314,000. at's a 1.1 percent dip and the lowest rate of severe delinquency since the recession. REO inventory fell 9 percent in Q 4, finishing the year at 48,380. e number of completed short sales and deeds-in-lieu decreased 12 percent in Q 4. ere were 5,415 completed short sales and deeds-in-lieu in the quarter. ere were also 18,347 completed third-party and foreclosure sales in the quarter—a drop of 14 percent from Q 3. e number of foreclosure starts increased 2 percent from 51,376 in the third quarter to 52,393 in Q 4. e share of the GSEs' modifications with extend-term only decreased but remained high during the fourth quarter. "There were 28,629 permanent loan modifications in Q4, FHFA reported." MOST TAXED STATES

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