2011 Year in Review. Hidden and not so hidden trends, conclusions and questions from the 2011 full year mortgage and deed recording data:

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May Higgins
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211 Year in Review Hidden and not so hidden trends, conclusions and questions from the 211 full year mortgage and deed recording data: Lenders with a local presence and local employees continue to

1 211 Year in Review Hidden and not so hidden trends, conclusions and questions from the 211 full year mortgage and deed recording data: Lenders with a local presence and local employees continue to dominate our market. Take that dot com lender! Page 4. Indiana University Credit Union and German American were the most active residential and business lenders, respectively. Page 3. Record low mortgage interest rates resulted in the smallest number of recorded mortgages between $5 and $5 in the last seven years (and probably since the mid 199 s). Something else must be holding back the market, Mr. & Ms. Regulator. Chart Page 14. The number of recorded deeds representing a transaction was almost identical to 21. Does this indicate a market bottom? Chart Page 14. Possibly. But the number of sales disclosures marked as the Buyer s Primary Residence was down considerably. Again despite record low mortgage interest rates. Chart Page 16. Sales NOT marked as the Buyer s Primary Residence increased last year. Indicative of more investor activity? Chart Page 17. Foreclosures continue to decline. Good for our community and for housing price stability. Charts Pages 18 and 19. And on the national front it seems to me that positive stories about real estate are out numbering the negative stories by as wide a margin as I can remember in the last five years. Let s hope these are self fulfilling prophecies! Have a great and successful 212! ~John Bethell 212

2 $14,, Dollars - December 211 Residential and commercial property mortgages filed in Monroe County during December 211. $12,, $1,, $8,, $6,, $4,, $2,, $ IUCU r Amer Ger JPM Morgan Fifth Third les SB Peop Old Na ational Re egions Bloomfie eld SB UCB 1st Repu ub Mtg First Fin nancial IUCU 11,714,63 Ger Amer 9,187,243 JPMorgan 7,51,379 Fifth Third 6,55,465 Peoples SB 4,738,14 Old National 4,389,378 Regions 3,915,949 Bloomfield SB 3,25,155 UCB 2,732,85 1st Repub Mtg 1,985,951 First Financial 1,116,5 Note- Charts & report do not include re-recordings, modifications, or those recorded without a property description. Fifth Third includes Fifth Third Bank & Fifth Third Mtg, Regions includes Regions Bank & Regions Mtg. Transactions - December IUCU 81 Old National 39 Fifth Third 38 Peoples SB 38 JPMorgan 38 Ger Amer 24 Regions 23 UCB 22 Bloomfield SB 2 1st Repub Mtg 1 First Financial IUCU Old National Fifth Third Peoples SB JPMorgan Ger Amer Regions UCB Bloomfield SB 1st Repub Mtg First Financial 2

3 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during the month of December 211. to $49,999 $5, to $199,999 $2,-$499,999 $5, & up Total Total Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount % ALLY BANK 4 425, , ,85.8 ALLIED HOME MORTGAGE BAXTER CREDIT UNION 1 15,9 4 46, , ,5.9 BANK OF AMERICA 4 447, , ,655, ,845, BLOOMFIELD STATE BANK 6 165, , ,327,5 1 8, ,25,155 3 CRANE FEDERAL CU 3 14, , , ,775.7 CITIMORTGAGE FARM CREDIT SERVICES MTG 2 64, , ,223.2 FIRST FINANCIAL BANK 5 51,5 2 66, ,116,5 1.1 FARMERS AND MECHANICS 4 473, 1 285, ,.8 FIRST REPUBLIC MORTGAGE 7 1,1, , 1 2 1,985,951 2 FIFTH THIRD BANK 3 48, , , , ,817, FIFTH THIRD MORTGAGE 19 1,949, ,288, ,238, GERMAN AMERICAN BANCORP 9 1,324, ,885, ,977, ,187, GATEWAY MORTGAGE GROUP 2 314, , ,326.5 HOOSIER HILLS CU INDIANA UNIVERSITY CU 19 58,6 45 5,398,5 16 4,445, ,29, ,714, JPMORGAN CHASE BANK 1 45, 32 3,221, , ,53, ,51, MONROE BANK METLIFE HOME LOANS 1 43, , , ,285.7 MORTGAGE MASTERS 4 48, , ,723.7 OWEN COMMUNITY BANK OWEN COUNTY STATE BANK 1 46, , ,643.3 OLD NATIONAL BANK 8 249, ,177, , ,389, PROVIDENT FUNDING ASSOCS 1 18, ,6.1 PEOPLES STATE BANK 6 157, ,896, ,683, ,738, REGIONS BANK 2 65, 1 1, 2 456, ,.6 REGIONS MORTGAGE 11 1,189,99 7 2,15, ,294, UNITED COMMERCE BANK 3 82, ,854, , ,732, UNITED STATES OF AMERICA UNION SAVINGS BANK 7 697, ,275, ,973,329 2 WELLS FARGO BANK 14 1,452, , ,928, All Others , ,196, ,361, ,81, ,483, ====================== ===== =============== ================= ================= =========== ===== ====== ================== TOTALS 67 1,783, ,567, ,46, ,864, ,262,

4 $1,, Dollars - Year-to-Date through December 211 Residential and commercial property mortgages filed in Monroe County during 211. $9,, $8,, $7,, $6,, $5,, $4,, $3,, $2,, $1,, $ IUCU Ger Amer ON NB/MB Fifth Third JPM Morgan Peop les SB UCB Re egions First Fin nancial 1st Repu ub Mtg Bloomfie eld SB IUCU 94,451,994 Ger Amer 78,766,77 ONB/MB 52,447,891 Fifth Third 48,857,725 JPMorgan 47,91,54 Peoples SB 43,35,818 UCB 43,9,367 Regions 39,26,578 First Financial 28,744,453 1st Repub Mtg 22,451,48 Bloomfield SB 15,29,261 Note- Charts & report do not include re-recordings, modifications, or those recorded without a property description. Fifth Third includes Fifth Third Bank & Fifth Third Mtg, Regions includes Regions Bank & Regions Mtg. Transactions - Year-to-Date through December IUCU 759 Fifth Third 352 ONB/MB 347 JPMorgan 337 Peoples SB 326 UCB 243 Ger Amer 212 Regions 25 1st Repub Mtg 128 Bloomfield SB 12 First Financial IUCU Fifth Third ONB/MB JPMorgan Peoples SB UCB Ger Amer Regions 1st Repub Mtg Bloomfield SB First Financial 4

5 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during 211. to $49,999 $5, to $199,999 $2,-$499,999 $5, & up Total Total Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount % ALLY BANK 2 97, 27 3,21, ,315, ,613,534.7 ALLIED HOME MORTGAGE 26 3,64,91 1 2,813, , ,385,69.7 BAXTER CREDIT UNION 4 19,4 16 1,85,98 8 2,378, ,339,28.5 BANK OF AMERICA 44 5,719, ,715, ,655, ,91, BLOOMFIELD STATE BANK , ,331, ,162,3 4 2,884, ,29, CRANE FEDERAL CU , ,167, , ,451,9.5 CITIMORTGAGE 7 918, , ,662,874.2 FARM CREDIT SERVICES MTG 4 113, , , ,169, ,958,147.4 FIRST FINANCIAL BANK 7 179,3 24 2,935, ,724,42 1 2,95, ,744,453 3 FARMERS AND MECHANICS 3 75, 26 2,633,2 6 1,772, ,48,565.5 FIRST REPUBLIC MORTGAGE 1 49,5 87 1,48, ,271, , ,451, FIFTH THIRD BANK ,57 4 3,213, ,165, , ,84,567.6 FIFTH THIRD MORTGAGE 5 19, ,256, ,845, , ,53, GERMAN AMERICAN BANCORP ,1 9 11,129, ,219, ,126, ,766, GATEWAY MORTGAGE GROUP 1 46, ,96, ,92, ,63,949.7 HOOSIER HILLS CU 2 4, 7 726, 3 872,45 1 1,387, ,25,45.3 INDIANA UNIVERSITY CU 174 4,452,35, ,244,672, 114 3,611,63, 7 7,143,369, ,451,994, 9.9 JPMORGAN CHASE BANK 7 28, ,398, ,792, ,429, ,91,54 5 MONROE BANK 7 12,9 51 5,67, ,619, ,921, ,268, METLIFE HOME LOANS 3 82, ,776, ,392, , ,925,91.9 MORTGAGE MASTERS 27 3,53, ,393,44 1 1,411, ,335,56.9 OWEN COMMUNITY BANK 2 287, ,5 OWEN COUNTY STATE BANK 7 27, ,868,25 1 2,712, , ,488,625.7 OLD NATIONAL BANK , ,2, ,723,75 4 6,323, ,179, PROVIDENT FUNDING ASSOCS 12 1,715,45 5 1,277, ,992,8.3 PEOPLES STATE BANK 44 1,35, ,694, ,87, , ,35, REGIONS BANK , ,937, ,224,5 4 6,93, ,719, REGIONS MORTGAGE 3 93, ,38, ,97, ,925, ,37,6 3 UNITED COMMERCE BANK , ,23, ,858, ,575, ,9, UNITED STATES OF AMERICA 2 3, , , ,352,96.1 UNION SAVINGS BANK 4 129, 99 11,32, ,972, ,44, WELLS FARGO BANK 5 126, ,991, ,37, ,5, ,987, All Others 83 1,167, ,527, ,319, ,16, ,121, ====================== ===== ================ ================= ================ =========== ===== ====== ============ ====== TOTALS 53 12,915, ,736, ,695, ,1, ,348,26 1 5

6 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during the month of December 211. to $75, $75,1 to $199,999 $2,-$417, $417,1 & up Total Total Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount % ALLY BANK 4 425, , ,85.8 ALLIED HOME MORTGAGE BAXTER CREDIT UNION 3 14, , 2 486, ,5.9 BANK OF AMERICA 4 447, , ,655, ,845, BLOOMFIELD STATE BANK 8 295,1 6 62, ,327,5 1 8, ,25,155 3 CRANE FEDERAL CU 4 169, , 1 336, ,775.7 CITIMORTGAGE FARM CREDIT SERVICES MTG 2 64, , ,223.2 FIRST FINANCIAL BANK 1 53, 4 457,5 2 66, ,116,5 1.1 FARMERS AND MECHANICS 2 125, 2 348, 1 285, ,.8 FIRST REPUBLIC MORTGAGE 7 1,1, , 1 2 1,985,951 2 FIFTH THIRD BANK 7 34, , 2 1,285, ,817, FIFTH THIRD MORTGAGE 4 26,7 15 1,688, ,288, ,238, GERMAN AMERICAN BANCORP 9 1,324, ,885, ,977, ,187, GATEWAY MORTGAGE GROUP 2 314, , ,326.5 HOOSIER HILLS CU INDIANA UNIVERSITY CU 28 1,16,6 36 4,872,5 16 4,445,98 1 1,29, ,714, JPMORGAN CHASE BANK , ,58, , ,53, ,51, MONROE BANK METLIFE HOME LOANS 1 43, , , ,285.7 MORTGAGE MASTERS 1 68, , , ,723.7 OWEN COMMUNITY BANK OWEN COUNTY STATE BANK 1 46, , ,643.3 OLD NATIONAL BANK , ,784, , ,389, PROVIDENT FUNDING ASSOCS 1 18, ,6.1 PEOPLES STATE BANK 1 399, ,654,59 6 1,683, ,738, REGIONS BANK 2 65, 1 1, 2 456, ,.6 REGIONS MORTGAGE 3 178,5 8 1,1, ,15, ,294, UNITED COMMERCE BANK 5 197, ,74, , ,732, UNITED STATES OF AMERICA UNION SAVINGS BANK 3 28, , ,275, ,973,329 2 WELLS FARGO BANK 1 73, ,379, , ,928, All Others , ,944, ,881, ,29, ,483, ====================== ===== ============== =================== ================== =========== ===== ====== ============== ====== TOTALS 128 5,568, ,782, ,81, ,829, ,262,

7 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during 211. to $75, $75,1 to $199,999 $2,-$417, $417,1 & up Total Total Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount % ALLY BANK 4 22,4 25 3,78, ,315, ,613,534.7 ALLIED HOME MORTGAGE 5 298, ,765, ,813, , ,385,69.7 BAXTER CREDIT UNION 8 342,3 12 1,618,8 8 2,378, ,339,28.5 BANK OF AMERICA 1 58,5 43 5,661, ,287, ,83, ,91, BLOOMFIELD STATE BANK 43 1,547,3 56 6,696, ,162,3 4 2,884, ,29, CRANE FEDERAL CU 3 1,226, ,398, , ,451,9.5 CITIMORTGAGE 7 918, , ,662,874.2 FARM CREDIT SERVICES MTG 7 296, , , ,169, ,958,147.4 FIRST FINANCIAL BANK ,55 2 2,686, ,239, ,389, ,744,453 3 FARMERS AND MECHANICS 1 527,5 19 2,18,7 6 1,772, ,48,565.5 FIRST REPUBLIC MORTGAGE 9 575, ,954, ,271, , ,451, FIFTH THIRD BANK 46 1,895, ,943, ,95 2 1,285, ,84,567.6 FIFTH THIRD MORTGAGE 24 1,42, ,45, ,845, , ,53, GERMAN AMERICAN BANCORP , ,472, ,96, ,385, ,766, GATEWAY MORTGAGE GROUP 4 25, ,892,1 11 2,92, ,63,949.7 HOOSIER HILLS CU 4 169, 5 597, 3 872,45 1 1,387, ,25,45.3 INDIANA UNIVERSITY CU 28 1,843, ,853, ,124,63 8 7,63, ,451, JPMORGAN CHASE BANK 78 4,62, ,58, ,51, ,711, ,91, MONROE BANK ,1 4 4,888, ,619, ,921, ,268, METLIFE HOME LOANS 8 368, ,49, ,392, , ,925,91.9 MORTGAGE MASTERS 3 186, ,344, ,393,44 1 1,411, ,335,56.9 OWEN COMMUNITY BANK 2 287, ,5 OWEN COUNTY STATE BANK , ,298, ,282, ,13, ,488,625.7 OLD NATIONAL BANK 7 3,218, ,913, ,815,45 6 7,231, ,179, PROVIDENT FUNDING ASSOCS 12 1,715,45 5 1,277, ,992,8.3 PEOPLES STATE BANK 92 4,59, ,67, ,959, ,661, ,35, REGIONS BANK , ,645, ,793,5 5 6,524, ,719, REGIONS MORTGAGE 16 96, ,513, ,97, ,925, ,37,6 3 UNITED COMMERCE BANK 49 2,25, ,45, ,858, ,575, ,9, UNITED STATES OF AMERICA 3 74, , , ,352,96.1 UNION SAVINGS BANK 21 1,213, ,218, ,972, ,44, WELLS FARGO BANK , ,262, ,37, ,5, ,987, All Others 134 4,37, ,324, ,21, ,44, ,121, ====================== ===== ================= ================= ================= ================== ====== ============== ====== TOTALS ,583, ,67, ,29, ,45, ,348,26 1 7

8 Mortgages $75K $2K Monroe County by Quarter 28 to Numb ber of Recorded Mortgages First Second Third Fourth Quarter South Walnut Street Bloomington IN

45 Mortgages $2K to $417K by Quarter 28 211 4 385 35 328 326 327 3 296 31 rded Mortgages Recor 25 2 15

9 45 Mortgages $2K to $417K by Quarter rded Mortgages Recor First Second Third Fourth Quarter 9

10 Recorded Mortgages by Quarter Between $5K and $5K Recorded Mortgages First Second Third Fourth 1 Quarter 329 South Walnut St

11 Mortgage Loan Dollar Volume by Quarter $5K to $5K $3,, $25,, ount Stated Original Loan Am $2,, $15,, $1,, $5,, First Second Third Fourth 11 Quarter 329 South Walnut St

12 7 Recorded Mortgages by Quarter Under $5K Recorded d Mortgages First Second Third Fourth Quarter South Walnut St

13 Mortgage Loan Dollar Volume by Quarter Under $5K $18,, $16,, $14,, Stated Original Loan Amount $12,, $1,, $8,, $6,, $4,, $2,, $- First Second Third Fourth Quarter South Walnut St

14 Recorded Deeds and Mortgages in Monroe County Total Recording gs Deeds Mortgages Deeds / Sales Disclosures over $5K and represent an arms length transaction. Mortgages between $5K and $5K. 14 wwwjohnbtitle.com

15 Recorded Sale Transactions - Monroe County Since Recorded Transactio ons First Second Third Fourth ** Does not include Quit-Claim Deeds, Sheriff's Deeds, or deeds judged not to represent a sale. 15 Quarter 329 South Walnut St

16 Primary Residence Sales 6 T o t a l S a l e s Over $5K $2K $5K $125K $2K $5K $125K Quarter 16 Sales marked Buyer's Principle Residence from Indiana DLGF sales disclosure data. Bloomington IN

17 2 Non Primary Residence Sales 18 8 T o t a l S a l e s Over $5K $2K $5K $125K $2K $5K $125K Quarter 17 Sales not marked as buyer's principle residence from Indiana DLGF sales disclosure data. Copyright 211 Bloomington IN

18 Trends: New Foreclosures & Sheriff's Deeds By Month New Foreclosures Deeds Trend Line: New Trend Line: Deeds Month Beginning January 26 18

15 135 137 165 175 Recorded Sheriff's Deeds

Court; Number of Recorded Sheriff's Deeds;

19 Foreclosure Started and Finished 26 to Present Recorded Sheriff's Deeds New Foreclosures New Foreclosures Recorded Sheriff's Deeds Number of new case filings in Circuit Court; Number of Recorded Sheriff's Deeds; Monroe County Only Through Dec

The future ain t what it used to be ~ Yogi Berra

The future ain t what it used to be ~ Yogi Berra Fueled by record low interest rates (how many times has that been said in the last four years?) the Monroe County mortgage market made its fifth strongest