Quarter 2 - 2009

All Mortgages:

4.30% in Foreclosure 8.86% in Default (30+ days late) 13.16% Total

Prime Mortgages:

3.00% in Foreclosure 6.41% in Default (30+ days late) 9.41% Total

Subprime Mortgages:

15.05% in Foreclosure 25.35% in Default (30+ days late) 40.40% Total

FHA Mortgages:

2.98% in Foreclosure 14.42% in Default (30+ days late) 17.40% in Default

VA Mortgages:

2.07% in Foreclosure 8.06% in Default (30+ days late) 10.13% Total in Default

Mortgage Bankers Association

National Deliquency Survey

http://www.mortgagebankers.org/NewsandMedia/PressCenter/70050.htm

Based on 45,000,000 mortgages - Seasonally Adjusted

All Mortgages – 2009

Total Distressed Properties: 9,550,000*

Total Predicted Sales: 4,760,000**

*Distressed Property Institute estimate

**NAR, Walt Molony

http://www.realtor.org/press_room/news_releases/2009/08/2nd_helped

Unemployment Rate

According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for July 2009 was 9.4%.

The highest rate ever recorded by the Bureau was 10.8% in Nov/Dec 1982.

CDPE Member Survey:

• Since becoming a CDPE, the average time for agents to complete a short sale transaction decreased by 49%.

• On average, CDPEs are able to keep homeowners in their homes more than twice as often as losing

properties to foreclosure.