DS News - Digital Archives

October, 2012

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ter assist our clients and provide them the resources they deserve." The good news for Integra arrives just as loan delinquencies continue to arc upward. A recent survey by the Mortgage Bankers Association found that delinquencies went up during the second quarter this year. Xceligent Begins National Expansion with Phoenix national expansion in mid-August with the launch of its commercial real estate informa- tion service in the Phoenix market. The Phoenix launch marks the start of Xceligent began the first phase of its Xceligent's expansion to cover the 65 largest markets in the country. The company aims to provide a suite of fully researched property, listing, tenant, and demographic information for real estate brokers, appraisers, property owners, investors, and developers. A team of 40 drivers working for the Arkansas rank: 35 90+ Day 4.49% 3.14% 43.04% 90+ Day 5.71% year ago 3.08% percent point change 85.52% 36.25% Top Core-Based Statistical Area MEMPHIS, TN-MS-AR 90+ Day 6.56% year ago 6.57% percent point change -0.23% company has begun inspecting commercial properties in the Phoenix area, expecting to exceed 25,000 inspected buildings by the time the service goes live in the fourth quarter of 2012. "We're excited to launch our aggressive national expansion effort in Phoenix," said Xceligent CEO Doug Curry. "Maricopa County is a community we have long set our sights on growing into, and we're excited the commercial real estate community is embrac- ing our efforts to be here." Based in Kansas City, Missouri, Xceligent is a national provider of commercial real estate solutions. STAT INSIGHT -42.2% Notices of Trustee Sale in Arizona during the month of August. Annual decline in Source: ForeclosureRadar 80 -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 San Bernardino May Not Need Eminent Domain Fix: Report California rank: 27 90+ Day 3.22% 4.63% -30.47% 90+ Day 3.76% year ago 4.95% percent point change -24.13% 8.63% Top Core-Based Statistical Area Foreclosure RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 90+ Day Delinquency Rate july 2012 4.49% year ago 6.52% percent point change -31.13% -9.33% 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. 4.29% 3.89% Rate 4.24% Delinquency Rate Foreclosure Rate july 2012 2.73% year ago 3.07% percent point change -11.15% Top County LAKE COUNTY Delinquency Rate july 2012 4.61% Foreclosure Rate Unemployment Rate 10.7% 11.9% -10.1% County, Clear Capital says it's just a matter of time until the market inherently solves its negative equity problem. San Bernardino has become the center of debate following the creation of a Joint Powers Authority to explore a controversial use of eminent domain that involves seizing underwater mortgages to refinance them at the current property value. According to Clear Capital, the area is With prices gaining in San Bernardino seeing a positive trend in home prices, with fair market prices outperforming REO prices in August by 4.2 percentage points on a quarterly, median price-per-square-foot basis. While this positive shift isn't enough to lift the underwater homeowners out of water, Clear Capital said improvements in San Bernardino might signal a recovery is underway. Drawing a comparison between San Bernardino and hard-hit Maricopa County in Arizona, Clear Capital said the two coun- ties are moving in a parallel path. Maricopa, which is where the Phoenix metro is located, has gained recognition recently for the strength and speed of its housing recovery. Just like San Bernardino, Maricopa County had a highly distressed market that led to a dramatic fall in prices. Both counties have seen prices rise above 4.45% IN THE NEWS Delinquency Rate Foreclosure Rate july 2012 2.12% year ago 2.05% percent point change 3.19% Top County CLAY COUNTY Delinquency Rate july 2012 6.07% Foreclosure Rate Unemployment Rate 7.3% 8.2% -11.0% Nordine Realtors Since 1990 Leo Nordine www.nordine.com - nordine@nordine.com over 3300 personal sales California their low points over the last three years, with San Bernardino prices up 14.6 percent and Maricopa's up 19.2 percent. During the last 12 months, both markets have seen prices move in a positive direction, although Maricopa's 25 percent growth far exceeds San Bernardino's 4.7 percent increase. On a quarterly basis, Clear Capital found that Maricopa has

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