DS News - Digital Archives

September, 2012

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VISIT US ONLINE @ DSNEWS.COM honorably discharged in 1976. During this period, Wilson also worked under Arkansas Sen. John McClellan in Washington, D.C., during the Watergate hearings. Wilson had a passion for history and California began collecting military memorabilia in his youth. His collection culminated in the creation of the Wilson History & Research Center in 2006. The center now serves as a nonprofit museum dedicated to locating, acquiring, authenticating, and disseminating military headgear of the 20th century. Aside from his accomplishments as a lawyer and historian, Wilson will be remembered by those who knew him as a generous, passionate visionary who em- braced life and lived it to its fullest. He will be deeply missed by all who had the good fortune of knowing him. Jennifer Wilson-Harvey has directed the MASTERS Offering an award-winning track record of customer care excellence within Mid-volume environments that include… » Web Optimizers » 24 Hour Sales/Marketing » Immediate Field Response Team » 95% Cash for keys success rate » BPO Turn Time: 48 hours » 99% Sales price to BPO » Average DOM: 60 days » 34 average days to close » 2% fallout rate operation of Wilson & Associates for several years and will continue to do so. Over the years, Wilson and Wilson-Harvey built a strong foundation of leadership and man- agement through the firm's partners and at- torneys. The firm says it will honor Wilson's legacy and memory by continuing to fulfill his No. 1 objective—meeting and exceeding clients' expectations and needs. California rank: 28 90+ Day 3.30% 4.79% -31.03% 90+ Day 3.85% year ago 4.91% percent point change -21.59% 18.32% Top Core-Based Statistical Area Foreclosure RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 90+ Day Delinquency Rate june 2012 4.64% year ago 6.75% percent point change -31.24% -8.71% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.31% 3.94% Rate 20955 Pathfi nder Road, Suite 100 Diamond Bar, CA 91765 Phone 909-860-5540 Cell 951-315-7327 Fax 909-860-8470 mr.sold007@yahoo.com www.garycarterrealtor.com 4.06% Delinquency Rate Foreclosure Rate june 2012 2.77% year ago 3.06% percent point change -9.56% Top County LAKE COUNTY Delinquency Rate june 2012 4.81% Foreclosure Rate Unemployment Rate 10.7% 11.9% -10.1% 23 YEARS IN REAL ESTATE 10 YEARS EXPERIENCE IN REO GENA LEE CENTURY 21 MASTERS 20803 Valley Blvd. Suite 206 Walnut, CA 91789 866-988-6689 direct genaleec21@aol.com Nordine Realtors Since 1990 Leo Nordine www.nordine.com - nordine@nordine.com over 3300 personal sales IN THE NEWS Wells Fargo Sees Gains in Mortgage Banking, Settles Fair Lending Case and credit quality helped Wells Fargo post income increases for the second quarter of 2012. The San Francisco-based lender reported net income of $4.6 billion, or $0.82 per share, for the April-to-June period. This represents an 18 percent increase from the same quarter a year ago when net income was $3.9 billion, or $0.70 per share. Net income for the most recent quarter was also up from the previous quarter's $4.2 billion, or $0.75 per share. Mortgage banking noninterest income Improvements in mortgage banking increased to $2.9 billion in the second quarter, up $23 million from the first quarter. Originations also increased, from $129 bil- lion in the first quarter to $131 billion. Mort- gage applications climbed to $208 billion, up from the previous quarter's $188 billion. Credit quality improved for the bank as well, with net charge-offs down to $2.2 bil- lion in the second quarter from $2.4 billion in the first. Non-performing assets were $24.9 billion, down from $26.6 billion. The company also released $400 million from its loan loss reserves. Loans 90 days or more past due totaled $1.4 billion at the end of the second quarter, compared with $1.6 billion at the end of the first. "Credit performance over the past two years has steadily improved and the second- quarter results continued that trend," said Mike Loughlin, chief risk officer. "Absent significant deterioration in the economy, we expect continued but more modest improve- ment for the remainder of the year, and we 103

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