DS News - Digital Archives

District of Columbia rank: 29 90+ Day 3.32% 2.91% 14.05% 90+ Day 3.32% year ago 2.91% percent point change 14.05% 2.44% WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 90+ Day Top Core-Based Statistical Area Foreclosure Delinquency Rate june 2012 3.32% year ago 2.91% percent point change 14.05% 2.44% 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. 2.61% 2.67% Rate 2.61% Delinquency Rate Foreclosure Rate june 2012 2.67% year ago 2.61% percent point change 2.44% DISTRICT OF COLUMBIA Top County Delinquency Rate june 2012 2.67% Foreclosure Rate Unemployment Rate 9.1% 10.4% -12.5% Treasury, amounting to 22 percent of the $116.1 billion in cumulative draws it has received from the government. Fannie Mae's EVP and CFO, Susan tative, and to ensure foreclosure prevention options are properly presented. "We want our servicers to be trusted McFarland, attributed the second-quarter growth to "a confluence of positive fac- tors … including improved home prices, improvement in REO sales execution, and a continued decline in our single-family seri- ous delinquency rate." Currently backing 46 percent of new single-family mortgage-related securities, Fannie Mae continues to dominate the secondary market as the largest issuer of mortgage-backed securities. The GSE's secondary market footprint, however, is down from 51 percent market share reported at the end of the first quarter of 2012. According to Fannie Mae's latest earn- counselors to their customers, from attentively collecting documents to advising them of their options and guiding them through the process," said Leslie Peeler, SVP of Fannie Mae's National Servicing Organization. Hope LoanPort and GMAC Team Up on Consumer Web Portal ings report, the company has provided $2.7 trillion in market liquidity since 2009. The GSE has backed 8.1 million refinances and 2.2 million home purchases. Fannie Mae has also helped prevent 1.1 million foreclosures and acquired about 2.2 million refinances since 2009. The GSE also announced the launch of a IN THE NEWS Fannie Forgoes Taxpayer Support in Q2, Sees Success with New Servicer Training with the release of its second-quarter earn- ings statement, that the company will not require a draw from Treasury for the three- month reporting period. It marks the second consecutive quarter the GSE has not asked to tap into taxpayer funds. Before this year, Fannie Mae required a draw from Treasury for the previous 11 consecutive quarters. The GSE reported a net worth of $2.8 Fannie Mae announced in early August, billion with comprehensive income in the second quarter reaching $5.4 billion, up from $2.9 billion in the first quarter of this year. As a result, Fannie Mae paid its second- quarter senior preferred stock dividend payment of $2.9 billion to Treasury with an almost equal amount left over as net profit. As of the end of June, the GSE paid a total of $25.6 billion in cash dividends to 110 specialized training program in July aimed at preventing foreclosures. Participating servicers are already reporting 20-30 percent increases in loan workouts, according to Fannie Mae. The program, dubbed "Know Your Options Customer Care," is a customer engagement strategy and training program for servicers. Fannie Mae conducts training sessions for servicers' call center employees, provides scripting for homeowner interac- tion, and helps implement ongoing quality control measures. The new training initiative has been in GMAC Mortgage to launch a new con- sumer direct Web portal called Homeowner Connect, which is designed to standardize communications between servicers and bor- rowers related to loss mitigation activities. It allows homeowners struggling with Hope LoanPort is partnering with their mortgage payments to connect to free resources, including options for both government and industry programs. Ad- ditionally, GMAC Mortgage customers can securely apply for foreclosure alternatives through the new portal. Homeowner Connect was created in response to the national mortgage servicing settlement announced in February, which called for a consumer-centric Web portal. The site also aligns with requirements in the consent orders issued to servicers by the Office of the Comptroller of the Currency and the Federal Reserve, as well as the GSEs' Servicing Alignment Initiative and many new state policies, Hope LoanPort explained. Cam Melchiorre, president and CEO development for about a year and is already being implemented for 18 of Fannie Mae's largest servicers. One key component of the program is to create a single point of contact in the call center for each customer to ensure a relationship can be built between the homeowner and his or her servicer represen- STAT INSIGHT 6,464 Unsold REOs in the Washington, D.C., metro area as of the end of July. Source: RealtyTrac of Hope LoanPort, describes Homeowner Connect as a free, user-friendly utility. "We expect Homeowner Connect to be a real game changer in the industry as a powerful tool in assisting homeowners facing foreclo- sure," Melchiorre said. Hope LoanPort, headquartered in Washington, D.C., is a Web-based tool that streamlines home retention applications on behalf of borrowers at risk of foreclosure. Mortgage Industry Veterans Form Advocacy Firm partnered to form DC Solutions Group LLC, an advocacy firm to represent the viewpoints of those in the real estate industry Kevin Breeland and Stan Gordon have

• Cover