DS News - Digital Archives

October, 2012

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Oklahoma rank: 19 90+ Day 2.14% 2.24% -4.71% 90+ Day 3.67% year ago 4.14% percent point change -11.24% -1.39% Top Core-Based Statistical Area FORT SMITH, AR-OK 90+ Day 2.12% year ago 2.45% percent point change -13.37% 17.40% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 5.72% Delinquency Rate july 2012 6.72% Foreclosure Rate 8.49% Delinquency Rate Foreclosure Rate july 2012 3.38% year ago 2.89% percent point change 17.05% Top County ADAIR COUNTY Delinquency Rate july 2012 8.37% Unemployment Rate 4.9% 6.2% -21.0% Foreclosure Rate IN THE NEWS Gateway Announces Record Growth for 2012 unprecedented growth in loan production volumes for 2012. In July, Gateway saw its best month on record, with loan volumes reaching more than $141 million. In addition, since early 2012, the company has Gateway Mortgage Group announced funded more than $661 million in loan origina- tions, and its servicing portfolio has grown to more than 12,000 loans totaling $1.8 billion. The lender also opened eight retail branches and hired more than 133 loan of- ficers to accompany the expansion. "We are consistently beating our own records and challenging ourselves to provide the best experience for borrowers and the Gateway team," said Kevin Stitt, president of Gateway. Tulsa, Oklahoma-based Gateway is an Pennsylvania rank: 15 90+ Day 2.67% 2.81% -5.09% 90+ Day 5.72% year ago 5.80% percent point change -1.36% 24.29% NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 90+ Day Top Core-Based Statistical Area Foreclosure Delinquency Rate july 2012 4.11% year ago 4.46% percent point change -7.88% end-to-end mortgage banking firm that specializes in originations, servicing, and cor- respondent lending. Oklahoma Oregon rank: 18 90+ Day 2.08% patslack@remax.net RE/MAX PROS PAT SLACK 405.722.3636 405.476.7653 CRS STAT INSIGHT Percentage of current mortgages in Oklahoma 2.6% that are underwater. Source: Lender Processing Services 104 -33.84% 90+ Day 2.44% year ago 3.68% percent point change -20.36% Top Core-Based Statistical Area BEND, OR 90+ Day 2.33% year ago 3.18% percent point change -26.86% -21.30% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 8.09% 6.26% 3.70% percent point change -2.70% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Delinquency Rate july 2012 4.93% 4.00% year ago 4.21% Foreclosure Rate 8.07% 8.78% 4.56% percent point change -4.20% Top Core-Based Statistical Area Foreclosure PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 90+ Day Delinquency Rate july 2012 4.09% Rate 2.37% -12.20% Delinquency Rate Foreclosure Rate july 2012 3.54% year ago 3.48% percent point change 1.64% Top County CROOK COUNTY Delinquency Rate july 2012 6.99% 4.93% year ago 5.24% Unemployment Rate 8.7% 9.6% -9.4% Foreclosure Rate 16.17% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 7.15% 8.31% Rate 11.05% Delinquency Rate Foreclosure Rate july 2012 3.91% year ago 3.19% percent point change 22.62% Top County MONROE COUNTY Delinquency Rate july 2012 13.74% Unemployment Rate 7.9% 8.1% -2.5% Foreclosure Rate Rhode Island rank: 13 90+ Day 4.00% 3.70% 8.09% 90+ Day Delinquency Rate Foreclosure Rate july 2012 4.09% year ago 4.21% percent point change -2.70% Top County PROVIDENCE COUNTY Delinquency Rate july 2012 5.02% Foreclosure Rate Unemployment Rate 10.8% 11.4% -5.3%

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