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Texas rank: 45 90+ Day 2.40% 2.49% -3.43% 90+ Day 2.06% year ago 2.63% percent point change -21.62% 100.90% Top Core-Based Statistical Area MCALLEN-EDINBURG-MISSION, TX Delinquency Rate 90+ Day july 2012 2.68% year ago 3.00% percent point change -10.71% -1.25% 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. 2.53% 2.50% Foreclosure Rate 1.75% Delinquency Rate Foreclosure Rate july 2012 1.60% year ago 1.64% percent point change -2.55% Top County MORRIS COUNTY Delinquency Rate july 2012 3.51% Unemployment Rate 7.2% 8.1% -11.1% Foreclosure Rate IN THE NEWS FAS to Work with New Client for GSE Servicing in late August the acquisition of a new client that will utilize the company's experience working with GSEs. FAS will help its new client manage the Field Asset Services (FAS) announced complex issues that arise when servicing the GSEs to ensure that all standards are met for the client's work involving inspections, pre-foreclosure, and REO properties. The company will work to mitigate risk by closely managing the servicing process. FAS was chosen for its expertise in managing GSE regulations and guidelines. "In addition to our background servicing and fully licensed mortgage broker community to help homeowners take advantage of historically low interest rates, improve cash-flow, and preserve potential home equity gains under this well-conceived housing policy," said Mark Greco, 360 Mortgage's president and founder. Greco reported the company's active loan pipeline has increased more than 700 percent since March. 360 Mortgage will consider borrowers whose application data is listed after December 1, 2011, with no limit on the number of financed properties that can be considered HARP-eligible. "Due to the overwhelming volume of Texas GSEs, the seamless integration provided by our technology platform was an important factor in our client's decision to go with FAS given the significant cost and time-saving benefits," said Dale McPherson, president and CEO. "Our ability to quickly integrate systems and provide effective communication that's both accurate and timely has provided early success in our partnership, and we look forward to working more together as we enable our client to effectively deliver its services throughout the country." Due to strict confidentiality involving Danny Norwood Legacy Real Estate 432-413-2764 cell danny@dannynorwood.com www.dannynorwood.com FAS's work with clients, a company spokes- person stated, "the company is not able in this case to disclose its newest client's name." Headquartered in Austin, Texas, Field Asset Services (a FirstService Corporation subsidiary) is a property preservation, REO maintenance, and repair services company. STAT INSIGHT mortgages in Texas that are underwater. Percentage of current 3.2% Source: Lender Processing Services 106 360 Mortgage Expands Active Loan Pipeline Over 700% After HARP 2.0 March, 360 Mortgage Group has seen a dra- matic increase in the active loan pipeline and anticipates more in the future. The company attributes the increased demand to its simpli- fied eligibility requirements. "Unlike many of the larger banks that Since HARP 2.0 went into effect in are only offering HARP refinancing opportunities on mortgages they are currently servicing, 360 Mortgage is committed to working with the improved refinancing applications, many mortgage lenders have been forced to set their own re- strictions that are not in the spirit, or a reflec- tion of, the updated HARP 2.0 guidelines," Greco said. "360 Mortgage is focused on expanding our mortgage broker partners and operational infrastructure so we can meet the growing demand." Headquartered in Austin, Texas, 360 Mortgage is a privately owned mortgage bank with a focus on wholesale mortgage lending. The company provides services in 31 states. FDIC Files Suits Against Institutions for Securities Sold to Guaranty Bank financial institutions that were involved in the sale of mortgage-backed securities to the now defunct Guaranty Bank. The FDIC became receiver for the Austin-based bank when it failed in August 2009. In all three complaints, the FDIC alleges The FDIC filed three complaints against the defendants made false or misleading statements when issuing, underwriting, or selling the securities to Guaranty Bank. All complaints were filed in Travis County Court in Texas on August 17. In one complaint, Ally Securities, Goldman Sachs, Deutsche Bank Securities, JPMorgan Securities, Structured Asset Mortgage Investments II, and Bear Stearns were all named as defendants. The complaint states Guaranty paid $1.8 million for securities that were falsely represented. The FDIC is seeking at least $900.6 million for damages. In another complaint, JPMorgan Securi- ties; Merrill Lynch, Pierce, Fenner & Smith; RBS Securities; WAMU Asset Acceptance Corp.; and WAMU Capital Corp. were

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