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VISIT US ONLINE @ DSNEWS.COM North Carolina James Williamson & Associates REO Sales & Marketing, 20+Years REO Brokerage, Property Preservation 336.682.4007 or 336.655.5990 fax: 800.795.7065 james@jamesewilliamson.com MEMBER Western states, many of which peaked and bottomed earlier than the Southern and Eastern states. San Jose-Sunnyvale-Santa Clara, IN THE NEWS California, is the strongest market on the list (ranked No. 1 with a RESi of 52.84) and the fifth most improved. However, the list of most improved markets also includes relatively weak areas: Bakersfield-Delano, California, is the 10th most improved market, but ranks 98th in terms of overall RESi (with a score of 37.84). "The presence of a mix of markets IN THE NEWS Report: Oil State Markets Strongest in the Country MarketPulse release, the strongest real estate markets in the country right now have one thing in common: Black gold. CoreLogic's Real Estate Strength According to CoreLogic's September Index (RESi) takes into account a variety of factors—including real estate health, economic health, and mortgage finance risk—and combines them using a weighted blend to determine the RESi for each market. Each state and market is then ranked according to RESi, which can range from 0-100. RESi scores typically run the gamut from the low 20s (weak area) to the high 70s (strong), with 50 being the average. Based on its analysis of RESi state indicates strength from a relative and historical perspective," CoreLogic senior economist Katie Dobbyn wrote. "Further, there are a diverse set of economic factors driving the growth, suggesting broad economic improvement." While the West held many of the most Alexian Partners Offers Marketing Services to Lending Industry agency based in Ohio, is providing its business-to-business marketing services to the mortgage lending industry. The company offers services such as Alexian Partners, a new marketing consultation, research, sales acquisition strategies, campaigns, and public relations. "We're thrilled to be helping our clients improved markets, the Northeast saw many markets showing little improvement at all. CoreLogic attributed the slow improvement to the Northeast's tendency toward judicial foreclosure. "As noted in prior editions of MarketPulse, judicial foreclosure states are prone to foreclosure congestion, which can delay improvement and hold back growth," Dobbyn wrote. Ohio rank: 11 90+ Day 3.10% 3.30% rankings, CoreLogic found that advances in oil and gas extraction seem to have provided a substantial boost to states with an abundance of natural resources. The creation of an infrastructure to support the oil boom is leading to job growth in those areas, CoreLogic reported. The state benefiting most from this boom is North Dakota, the strongest state in the nation with a RESi score of 71. It is followed by South Dakota with a score of 62, while the neighboring states of Wyoming and Nebraska both fall in the 55-60 range. While those states benefit from their own -6.0% 90+ Day 4.13% year ago 4.47% percent point change -7.6% -8.0% Top Core-Based Statistical Area Foreclosure YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 90+ Day Delinquency Rate august 2012 oil and shale fields, even neighboring non- oil-producing states are feeling the spillover effects. As a result, most of the country's middle states enjoy RESi scores of 50 or higher. In other RESi news, CoreLogic found that the majority of the most improved markets in the country are located in 4.01% year ago 4.21% percent point change -4.8% -2.1% 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 August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 6.87% 6.73% Rate 7.69% Delinquency Rate Foreclosure Rate august 2012 4.26% year ago 4.30% percent point change -0.9% Top County MAHONING COUNTY Delinquency Rate august 2012 7.08% Unemployment Rate 7.2% 8.8% -18.2% Foreclosure Rate during this great evolution of the industry," said Stephen Massien, principal of Alexian Partners. "There are real opportunities springing up and our objective is to help our clients capture them." Underwater Ohioans Rebel for Principal Reduction Cause one considers to be an unjust law or policy, an act of rebellion occurs. In Ohio, three current but underwater Sometimes, to bring attention to what borrowers have decided to go on a mortgage strike as an act of civil disobedience in protest of the Federal Housing Finance Agency's (FHFA) stance on principal reduction and the lack of help to address underwater mortgages. According to CoreLogic, 10.8 million, or 22.3 percent, of residential properties with a mortgage are underwater. One proposal to address the issue is to offer principal reductions on these underwater mortgages. However, FHFA Acting Director Edward DeMarco has decided not to allow servicers to reduce principal on Fannie Mae- and Freddie Mac-backed mortgages, citing taxpayer losses and moral hazard as his reasoning. Empowering & Strengthening Ohio's People (ESOP) is the organization that introduced the idea of the mortgage strike. In a document from the organization, ESOP explained that the decision came about after "long and careful consideration." "[T]he continuing lack of concern from Washington about this devastating problem left us little choice but to use 'civil disobedience' to petition the government for relief from unjust debt oppression," the group said. 101

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