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North Carolina rank: 24 90+ Day 2.89% 3.13% -7.75% 90+ Day 3.26% year ago 5.41% percent point change -39.81% 12.23% Top Core-Based Statistical Area Foreclosure CHARLOTTE-GASTONIA-CONCORD, NC-SC 90+ Day Delinquency Rate june 2012 3.12% year ago 3.46% percent point change -9.74% 6.59% 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. 3.45% 3.68% Rate 5.43% Delinquency Rate Foreclosure Rate june 2012 2.97% year ago 2.80% percent point change 6.10% Top County BERTIE COUNTY Delinquency Rate june 2012 6.09% Unemployment Rate 9.4% 10.6% -11.3% Foreclosure Rate a Foundation of Giving SERVING Built Upon The Charlotte Metro Area EXPERIENCE 15 YEARS IN REAL ESTATE 12 YEARS IN REO quarter, they offered up gains in the second. The company says increases in mortgage banking income were driven largely by lower provisions for representations and warranties as well as improved credit quality across most major portfolios. First-lien residential mortgage origina- tions increased 18 percent from the first to the second quarter; however, first-lien mortgages made up only 19 percent of Bank of America's $18 billion in residential home lending in Q2. Eighty-one percent went to refinancing, which continues to far outpace first-lien home purchases. In total, BofA's residential lending reached more than 72,000 consumers. About 5,000 of these were first-time homebuyers, and about 22,000 were low- and moderate- income borrowers. Additionally, Bank of America has completed more than one mil- lion loan modifications since 2008. In an effort to revitalize hard-hit com- munities, the company also announced that the Bank of America Charitable Foundation awarded $22 million in grants to more than 650 housing-related nonprofits in 34 states. The nonprofit grantees estimate the fund- North Carolina James Williamson & Associates REO Sales & Marketing, 20+Years REO Brokerage, Property Preservation 336.682.4007 or 336.655.5990 fax: 800.795.7065 james@jamesewilliamson.com MEMBER ing will benefit more than 31 million people, providing nearly 8,000 new affordable hous- ing units and rehabbing more than 11,000 units. About 42 percent of the nonprofits receiving support from BofA work to benefit their local communities by integrating hous- ing services with other programs, such as the Supplemental Nutrition Assistance Program. In 2011, BofA employees also donated Proceeds from every home I sell benefi ts more than 455,000 service hours in partner- ship with organizations such as Habitat for Humanity, Rebuilding Together, and Operation Homefront. KNOW THIS IN THE NEWS BofA Reports $2.5B Net Income in Q2, Awards $22M to Housing Nonprofits of the year, Bank of America (BofA) an- nounced a net income of $2.5 billion, $0.19 per diluted share, for the second quarter. While BofA's mortgage-related busi- nesses contributed to losses during the first 132 After recording a loss in the first quarter Brandy Gaiser Bleiman GIVING TREE REALTY 5960 Fairview Road, Suite 400 Charlotte, NC 28210 704.408.0367 Brandy@GivingTreeRealty.com www.GivingTreeRealty.com Durham, North Carolina, is the No. 1 metro for buying or investing in foreclosures, RealtyTrac says, even though the average foreclosure sale price rose 19% between the first and second quarters.