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» VISIT US ONLINE @ DSNEWS.COM 7 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff According to Fannie Mae's 2017 National Housing Survey, the biggest obstacles for getting a mortgage included an insufficient credit score or credit history at 43 percent, too much existing debt at 18 percent, and the process being too complicated at 16 percent. According to LexisNexis Home Trends Report, nearly half at 48 percent of all catastrophic event claims occurred in Texas and Colorado last year. Hail and wind accounted for most of the losses, rather than extreme weather such as tornados or hurricanes. FITCH RELEASES RMBS SERVICER HANDBOOK INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM TAKE A LOOK INSIDE THE NUMBERS D ATA B I T S PAGE 20 EVP of Client Management, Auction.com FIVE MINUTES WITH WITH Ali Haralson Source: WalletHub 2017 Best and Worst Places to Retire report BOTTOM 10 MARKETS FOR RETIRED HOMEBUYERS TOP 10 MARKETS FOR RETIRED HOMEBUYERS 1 RANCHO CUCAMONGA, CA 39.09 115 147 63 121 2 FONTANA, CA 39 97 150 89 136 3 MODESTO, CA 38.99 98 140 97 144 4 STOCKTON, CA 38.79 93 121 126 142 5 FRESNO, CA 38.68 94 128 119 139 6 DETROIT, MI 38.41 90 79 149 137 7 WORCESTER, MA 36.63 114 141 126 124 8 SAN BERNARDINO, CA 36.44 71 148 142 138 9 PROVIDENCE, RI 32.31 133 87 146 143 10 NEWARK, NJ 32.23 116 108 150 145 1 ORLANDO, FL 59.93 8 14 112 13 2 TAMPA, FL 59.5 7 10 80 59 3 MIAMI, FL 57.97 36 4 117 29 4 SCOTTSDALE, AZ 57.86 62 43 5 10 5 ATLANTA, GA 56.08 58 8 113 52 6 SALT LAKE CITY, UT 55.95 75 26 92 12 7 HONOLULU, HI 55.84 134 12 1 9 8 DENVER, CO 55.56 103 18 34 21 9 AUSTIN, TX 55.33 57 21 54 48 10 LAS VEGAS, NV 55.22 32 17 52 109 RANK CITY TOTAL SCORE 'AFFORDABILITY' RANK 'ACTIVITIES' RANK 'QUALITY OF LIFE' RANK 'HEALTH CARE' RANK RANK CITY TOTAL SCORE 'AFFORDABILITY' RANK 'ACTIVITIES' RANK 'QUALITY OF LIFE' RANK 'HEALTH CARE' RANK Delinquencies are continuing their decline, according to Fitch Rating's third-quarter U.S. RMBS Servicer Handbook released in October. e U.S. RMBS Servicer Handbook gives descriptions of all Fitch-rated servicers, their servicer ratings and key rating drivers, portfolio sizes and key attributes, important trends, links to the full RMBS servicer reports, and Fitch analyst contact information. Fitch releases the handbook on a quarterly basis. According to the report, subprime delinquencies are declining for most companies servicing underperforming mortgage loans. However, two of the most prominent companies in the space are continuing to add loans. Select Portfolio Solutions (SPS) increased its portfolio by 14.4 percent from Q2 2017 to about 574,000 loans as its subprime RMBS portfolio grew by approximately 433,000 loans. is is the second quarter in a row that SPS has come in No. 1 for portfolio growth, according to Fitch's Servicer Handbook. During the second quarter, Fitch Rating's Managing Director Roelof Slump noted "SPS has grown largely through successful acquisition of seasoned portfolios from large bank servicers, with much of the new product coming in the form of subprime loans." Mr. Cooper (Nationstar Holdings) experienced a 7 percent increase to 2.798 million loans and remains the largest nonbank servicer, according to the report. Its subprime portfolio is smaller than both Ocwen's and Select Portfolio Solutions' by approximately 146,000 loans. Ocwen, the largest subprime RMBS servicer with about 617,000 loans, experienced a decline in its total portfolio to 1.276 million, a 3.8 percent decline. Overall, nonbank servicers experienced significant declines in subprime delinquencies— from 25.1 percent last quarter to 22.8 percent. Year-over- year, subprime delinquencies were at 27.3 percent. Bank servicers also declined, but at a slower rate than nonbank servicers—from 8.5 percent last quarter to 8.6 percent and unchanged from this time last year. Subprime delinquencies for both non-banks and banks improved to approximately half the levels that were seen at the end of 2013. "As the third-largest savings bank and a top- five mortgage originator in the U.S., Flagstar's servicing portfolio had the second-lowest 60+ delinquency rate among Fitch's nine rated bank servicers, behind only First Republic Bank," stated the handbook. According to the handbook, Flagstar services over 400,000 residential mortgage loans, with an unpaid principal balance of approximately $87 billion. Select Portfolio Solutions (SPS) increased its portfolio by 14.4 percent from Q2 2017 to about 574,000 loans as its subprime RMBS portfolio grew approximately by 433,000 loans. This is the second quarter in a row that SPS has come in No. 1 for portfolio growth, according to Fitch's Servicer Handbook.

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