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VISIT US ONLINE @ DSNEWS.COM South Carolina rank: 10 90+ Day 2.56% 3.25% -21.22% 90+ Day 4.64% year ago 7.97% percent point change -41.72% 28.03% MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC 90+ Day Top Core-Based Statistical Area Foreclosure Delinquency Rate july 2012 2.17% year ago 3.27% percent point change -33.69% -6.58% 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. -19.25% 5.93% 0.97% percent point change 50.32% 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. South Carolina Wertan David Charleston and Mount Pleasant, South Carolina RE/MAX Advanced Realty 843.270.6455 (c) 843.972.2400 (o) www.davidwertan.com david@davidwertan.com SFR, GRI, CRS, 203k Specialist increase in Federal Housing Administration (FHA) refinance business since the FHA Streamline Refinance incentive took effect in June 2011. According to a release from the company, Churchill Mortgage has seen a massive Tennessee rank: 37 90+ Day 3.77% 3.86% -2.44% 90+ Day 2.91% year ago 3.97% STAT INSIGHT Short sales completed for South Carolina borrowers by major 615 servicers under AG settlement. Source: Office of Mortgage Settlement Oversight -26.60% percent point change 7.01% Top Core-Based Statistical Area MEMPHIS, TN-MS-AR 90+ Day 6.56% year ago 6.57% percent point change -0.23% -8.37% 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. 2.96% Delinquency Rate july 2012 2.71% Foreclosure Rate 5.30% Delinquency Rate Foreclosure Rate july 2012 1.99% year ago 2.35% percent point change -15.52% Top County SCOTT COUNTY Delinquency Rate july 2012 5.67% Unemployment Rate 8.4% 9.4% -10.6% Foreclosure Rate Churchill's FHA refinance business has picked up 540 percent in the last year. Under the FHA Streamline Refinance program, most borrowers can refinance to lower mortgage rates without needing an appraisal. In March 2012, FHA expanded the reduced mortgage insurance premium program to include loans endorsed or insured prior to June 2009. Churchill began calling customers in response in order to inform them of their refinance options. "Combining the low mortgage insurance 5.54% 0.78% year ago 1.56% Rate -46.99% 6.90% 2.65% percent point change 45.58% Top Core-Based Statistical Area SIOUX CITY, IA-NE-SD 90+ Day Delinquency Rate july 2012 2.34% Foreclosure Rate Churchill Mortgage Sees 540% Increase in FHA Refis Since 2011 Delinquency Rate Foreclosure Rate july 2012 4.43% year ago 3.91% percent point change 13.32% Top County HAMPTON COUNTY Delinquency Rate july 2012 8.84% 1.41% year ago 2.51% IN THE NEWS Foreclosure Rate 90+ Day Unemployment Rate 9.6% 10.5% -8.6% South Dakota rank: 47 90+ Day 0.96% 0.95% 0.60% Delinquency Rate Foreclosure Rate july 2012 1.51% year ago 1.62% percent point change -6.87% Top County MCCOOK COUNTY Delinquency Rate july 2012 3.65% Foreclosure Rate Unemployment Rate 4.4% 4.6% -4.3% Tennessee's Top Producer kristyhairston@gmail.com 615-212-5010 cell Kristy Hairston Tennessee premiums offered through the FHA stream- line refinance program with historical low interest rates, many borrowers . . . have a per- fect opportunity to save money," said Mike Hardwick, president of Churchill Mortgage. "Committed to a consultative approach to lending and ensuring the right product for each borrower, we made it a priority to in- form our customers of their options. In doing so, we've been able to save individuals and families thousands of dollars." Based in Brentwood, Tennessee, Churchill Mortgage provides conventional, FHA, Veterans Affairs, and U.S. Department of Agriculture residential mortgages across 26 states. 105