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VISIT US ONLINE @ DSNEWS.COM tool to help our clients make more informed decisions about real estate in a new and chal- lenging environment." Based in Jacksonville, Florida, LPS pro- NASN Announces Upgrade to Vendor Payroll Process Network (NASN), based in Oldsmar, Florida, announced in mid-August that the company upgraded its vendor payroll process, resulting in a rolling 21-day pay period for appraisers. NASN said in a release that it made Nationwide Appraisal & Settlement the upgrade to create confidence and build relationships with its appraisers throughout the country. Appraisers can now expect the company to process appraisal payments for completed files within 21 days of comple- tion, which means they can get their checks in-hand 7-10 days quicker than the previous schedule. "Appraisal management is a sensitive subject, and we realize that by paying our appraiser partners out at higher rates and in faster time, we are able to provide more quality appraisal reports to our clients," said NASN CEO Cari Burris. "At NASN, we have a strong focus on Georgia vides integrated technology, data, and analyt- ics to the mortgage and real estate industries. rank: 32 90+ Day 4.11% 4.31% -4.59% 90+ Day 9.06% year ago 8.99% percent point change 0.79% -9.19% Top Core-Based Statistical Area GAINESVILLE, GA 90+ Day 3.83% year ago 3.93% percent point change -2.39% -11.27% 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. 3.38% Delinquency Rate july 2012 3.00% SERVING GWINNETT, HALL, FORSYTH, JACKSON & BARROW COUNTIES communication and customer service," Burris continued. "Guaranteeing payments to our appraiser partners and making sure they have all the means necessary in order to com- municate with our office efficiently is just as important to us as the service we provide to our clients." STAT INSIGHT 28,694 Unsold REO properties in the Miami metro area as of the end of May, amounting to 20 months of supply. Source: RealtyTrac 366 REO transactions, totaling $43 million, SOLD in 2011 LARISSA K. BENSON/Broker The Service Team 2675 Mall of Georgia Blvd., Suite 102 Buford, GA 30519 o: 770-277-1922, f: 770-670-4264 lbenson@serviceteamga.com www.SellGeorgiaHomes.com SPECIALIZING IN MAKING REO EASY. sition in the market. The bank has continued to grow its mortgage banking division, which earned $258 million last quarter, according to FBR Capital Markets. While this was offset by repurchase provisions, the bank has now settled short-term losses, leaving FBR with expectations of profitability "especially as the refi boom continues." FBR expects the Atlanta-based bank to SunTrust is taking steps to improve its po- Foreclosure Rate FBR: SunTrust Expected to Improve, but Still Vulnerable 5.49% IN THE NEWS Delinquency Rate Foreclosure Rate july 2012 2.55% year ago 3.06% percent point change -16.70% Top County CLAYTON COUNTY Delinquency Rate july 2012 4.98% Foreclosure Rate MEMBER Unemployment Rate 9.3% 10.0% -7.0% NANCIE LYONS c: 828.361.0003 www.nancielyons.com nancie@nancielyons.com Georgia Nancie Lyons Realty WE DO MORE WORK SO YOU CAN DO LESS. bring in $531 million from its mortgage bank- ing division this year and close to twice that next year. With the announcement of a $375 million reps and warranties provision, FBR announced that "[t]his charge will likely take care of any reps and warrants losses [SunTrust] may incur in the short term." In FBR's previous report, it suggested Sun- Trust was likely to see $800 million in repur- chases losses from the GSEs. However, FBR now says, "We believe that today's $375 million charge should alleviate investor concerns in the short term." FBR has revised its 2013 estimates up as a result, but does expect about $250 mil- lion rep and warranty losses next year. As a regional bank operating in the Southeast, SunTrust is vulnerable to the volatile Southeastern markets, including Florida, which has experienced significant price depreciation. "Continued weakness in this market will amplify future losses and have a material impact on the profitability and health of the company," FBR stated. "To date, the company's slow credit improvement reflects its disproportionate exposure to Southeast residential mortgages," FBR stated. 91