No doubt that the inventory of homes for sale is extremely tight. Most Realtors that I talk with are scrambling trying to get offers in on properties as soon as they hit the market. It s probable that some sellers are holding back knowing that their house will likely sell immediately and they ll have to relocate quickly. Regardless though, during the first quarter the overall purchase market (as measured by recorded deeds) was up 7 ½ % when compared to the first quarter of 216. (chart page 13) Where that increase in coming from is interesting. The state sales disclosure data base shows that the number of properties designated to be the buyer s primary residence was the same this past quarter as the first quarter in 216. (chart page 14) Properties not designated as the buyer s primary residence however showed an increase of 35%. (chart page 15) So the overall market increase is coming from investment, commercial and vacant land transactions. On a sour note, new foreclosures spiked to high level. (chart page 16) The reason for that is not clear. Nevertheless, it s a trend to follow. Were you ever wondering about which of our team members to contact about your transaction? No worries. We maintain a companywide email box. Everyone here has access to that inbox and it s checked regularly throughout the day. When in doubt just send your email to: customerservice@johnbtitle.com March was a great month for our team. The average turn time for new Monroe County commitments was 3.73 days with 8% issued in four days or fewer. Our closing team issued sellers side closing statements two or more days prior to closing 96% of the time. We helped 368 people buy, sell or refinance their property. ~ John Bethell 217
1 $14,, Dollars - March 217 Residential and commercial property mortgages filed in Monroe County during March 217. $12,, $1,, $8,, $6,, $4,, $2,, $ IUCU Ger Amer Ruoff Peoples SB OCSB JPMorgan Fifth Third ONB MainSource Bk BloomBank Hallmark First Financial Regions Amer Mtg Svc IUCU 12,79,197 Ger Amer 1,792,888 Ruoff 7,613,395 Peoples SB 4,974,15 OCSB 2,31,35 JPMorgan 1,69,412 Fifth Third 1,648,5 ONB 1,525, MainSource Bk 1,43,95 BloomBank 856,5 Hallmark 54,919 First Financial 55,93 Regions 141,5 Amer Mtg Svc 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 - March 217 IUCU 68 Ruoff 44 Peoples SB 21 Ger Amer 19 JPMorgan 15 ONB 13 Fifth Third 13 OCSB 7 MainSource Bk 6 BloomBank 6 First Financial 5 Hallmark 3 Regions 2 Amer Mtg Svc 8 7 6 5 4 3 2 1 IUCU Ruoff Peoples SB Ger Amer JPMorgan ONB Fifth Third OCSB MainSource Bk BloomBank First Financial Hallmark Regions Amer Mtg Svc Copyright 217
2 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during the month of March 217. 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 % AMERICAN MTG SERVICE BAXTER CREDIT UNION 1 44, 4 443,15 2 614,6 7 2 1,11,75 1.6 BANK OF AMERICA BLOOMBANK 1 1, 5 846,5 6 1.7 856,5 1.2 CRANE FEDERAL CU 3 11,5 1 9, 4 1.1 191,5.3 FARM CREDIT MID AMERICA 1 45, 1.3 45,.1 FIRST FINANCIAL BANK 5 55,93 5 1.4 55,93.7 FREEDOM HOME MORTGAGE 3 358,293 3.9 358,293.5 FARMERS AND MECHANICS FIFTH THIRD BANK 3 95, 3 3, 1 5, 7 2 895, 1.3 FIFTH THIRD MORTGAGE 6 753,5 6 1.7 753,5 1.1 GERMAN AMERICAN BANCORP 2 4, 9 1,123,377 5 1,282,44 3 8,347,71 19 5.4 1,792,888 15.4 HOOSIER HILLS CU HALLMARK HOME MTG 2 286,219 1 254,7 3.9 54,919.8 INDIANA UNIVERSITY CU 24 673,738 33 3,497,339 7 2,127,12 4 6,411, 68 19.4 12,79,197 18.2 JPMORGAN CHASE BANK 3 66, 1 1,18,412 2 66, 15 4.3 1,69,412 2.4 MAINSOURCE BANK 3 342, 3 1,61,95 6 1.7 1,43,95 2 MORTGAGE MASTERS 2 285,645 4 1,373,377 6 1.7 1,659,22 2.4 OWEN COUNTY STATE BANK 5 561,35 2 1,74, 7 2 2,31,35 3.3 OLD NATIONAL BANK 2 63, 1 1,13,8 1 331,2 13 3.7 1,525, 2.2 PEOPLES STATE BANK 4 25, 12 1,58,28 4 1,137,897 1 2,33, 21 6 4,974,15 7.1 REGIONS BANK 1 18, 1.3 18, REGIONS MORTGAGE 1 123,5 1.3 123,5.2 RUOFF MORTGAGE 1 45, 3 3,481,896 13 4,86,499 44 12.5 7,613,395 1.9 SAGAMORE HOME MORTGAGE UNITED STATES OF AMERICA UNION SAVINGS BANK 4 529,5 1 237,5 5 1.4 766,55 1.1 WATERSTONE MORTGAGE 1 99,17 1.3 99,17.1 WELLS FARGO BANK 1 111, 1 424,1 2.6 535,1.8 All Others 14 289,458 59 7,379,146 25 6,26,199 2 4,48,9 1 28.5 18,49,73 26.3 ====================== ===== =============== ================= ============ ===== ================= ====== ============ ====== TOTALS 6 1,515,696 29 24,773,63 69 19,797,582 13 23,781,971 351 1 69,868,852 1 Copyright 217
3 $35,, Dollars - Year-to-Date through March 217 Residential and commercial property mortgages filed in Monroe County during 217. $3,, $25,, $2,, $15,, $1,, $5,, $ IUCU Ger Amer Peoples SB Ruoff ONB OCSB MainSource Bk JPMorgan Fifth Third Hallmark BloomBank First Financial Amer Mtg Svc Regions IUCU 32,25,712 Ger Amer 3,487,961 Peoples SB 15,645,35 Ruoff 13,269,6 ONB 8,764,624 OCSB 6,847,155 MainSource Bk 5,773,325 JPMorgan 5,62,298 Fifth Third 3,18,915 Hallmark 2,15,964 BloomBank 2,81,25 First Financial 1,723,459 Amer Mtg Svc 915,214 Regions 888,8 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. 2 Transactions - Year-to-Date through March 217 18 IUCU 173 Ruoff 81 Peoples SB 74 Ger Amer 59 ONB 51 JPMorgan 37 Fifth Third 28 MainSource Bk 21 BloomBank 19 OCSB 15 First Financial 11 Regions 1 Hallmark 1 Amer Mtg Svc 6 16 14 12 1 8 6 4 2 IUCU Ruoff Peoples SB Ger Amer ONB JPMorgan Fifth Third MainSource Bk BloomBank OCSB First Financial Regions Hallmark Amer Mtg Svc Copyright 217
4 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during 217. 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 % AMERICAN MTG SERVICE 5 7,214 1 215, 6.6 915,214.4 BAXTER CREDIT UNION 3 122,4 6 553,15 5 1,476,42 14 1.5 2,151,97.9 BANK OF AMERICA 1 87, 1 289,6 2 3,524, 4.4 3,9,6 1.5 BLOOMBANK 5 139,4 12 1,541,85 2 4, 19 2 2,81,25.8 CRANE FEDERAL CU 3 11,5 4 526,5 1 295, 8.9 923,.4 FARM CREDIT MID AMERICA 1 45, 2 253,879 3.3 298,879.1 FIRST FINANCIAL BANK 3 81,366 7 872,93 1 77, 11 1.2 1,723,459.7 FREEDOM HOME MORTGAGE 3 358,293 1 267,459 4.4 625,752.2 FARMERS AND MECHANICS 1 136, 1.1 136,.1 FIFTH THIRD BANK 5 149,375 8 754, 1 5, 14 1.5 1,43,375.6 FIFTH THIRD MORTGAGE 1 48, 13 1,657,54 14 1.5 1,75,54.7 GERMAN AMERICAN BANCORP 7 157,5 25 2,96,72 17 5,256,6 1 22,113,753 59 6.3 3,487,961 12.1 HOOSIER HILLS CU 2 78,5 1 146,2 3.3 224,7.1 HALLMARK HOME MTG 4 59,369 6 1,515,595 1 1.1 2,15,964.8 INDIANA UNIVERSITY CU 56 1,577,88 84 9,146,754 23 6,523,37 1 15,3,5 173 18.5 32,25,712 12.8 JPMORGAN CHASE BANK 3 66, 3 3,31,298 3 865, 1 1,1, 37 4 5,62,298 2 MAINSOURCE BANK 2 3, 1 1,58,625 7 2,363,7 2 2,321, 21 2.2 5,773,325 2.3 MORTGAGE MASTERS 9 1,284,126 4 1,373,377 13 1.4 2,657,53 1.1 OWEN COUNTY STATE BANK 1 1,182,155 1 225, 4 5,44, 15 1.6 6,847,155 2.7 OLD NATIONAL BANK 12 285,611 27 3,21,4 8 2,146,88 4 3,311,129 51 5.5 8,764,624 3.5 PEOPLES STATE BANK 22 243,4 34 3,66,748 14 4,432,797 4 7,38,45 74 7.9 15,645,35 6.2 REGIONS BANK 3 53, 2 212, 5.5 265,.1 REGIONS MORTGAGE 1 37,8 3 348, 1 238, 5.5 623,8.2 RUOFF MORTGAGE 2 88,875 6 7,381,637 19 5,798,494 81 8.7 13,269,6 5.3 SAGAMORE HOME MORTGAGE UNITED STATES OF AMERICA UNION SAVINGS BANK 1 1,283,25 4 1,53, 14 1.5 2,336,25.9 WATERSTONE MORTGAGE 3 379,725 3.3 379,725.2 WELLS FARGO BANK 6 87,155 1 424,1 7.7 1,231,255.5 All Others 32 832,852 156 19,841,229 64 17,26,976 13 71,2,65 265 28.4 18,91,77 43.1 ====================== ===== ================ ================= =========== ===== =========== ===== ====== =================== TOTALS 163 4,137,667 536 63,775,496 183 52,365,774 52 132,412,437 934 1 252,691,374 1 Copyright 217
5 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during the month of March 217. 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 % AMERICAN MTG SERVICE BAXTER CREDIT UNION 1 44, 4 443,15 2 614,6 7 2 1,11,75 1.6 BANK OF AMERICA BLOOMBANK 1 1, 5 846,5 6 1.7 856,5 1.2 CRANE FEDERAL CU 3 11,5 1 9, 4 1.1 191,5.3 FARM CREDIT MID AMERICA 1 45, 1.3 45,.1 FIRST FINANCIAL BANK 1 65, 4 44,93 5 1.4 55,93.7 FREEDOM HOME MORTGAGE 3 358,293 3.9 358,293.5 FARMERS AND MECHANICS FIFTH THIRD BANK 4 145, 2 25, 1 5, 7 2 895, 1.3 FIFTH THIRD MORTGAGE 1 72, 5 681,5 6 1.7 753,5 1.1 GERMAN AMERICAN BANCORP 3 95, 8 1,68,377 5 1,282,44 3 8,347,71 19 5.4 1,792,888 15.4 HOOSIER HILLS CU HALLMARK HOME MTG 2 286,219 1 254,7 3.9 54,919.8 INDIANA UNIVERSITY CU 35 1,284,238 22 2,886,839 6 1,77,12 5 6,831, 68 19.4 12,79,197 18.2 JPMORGAN CHASE BANK 4 127,487 9 956,925 2 66, 15 4.3 1,69,412 2.4 MAINSOURCE BANK 3 342, 1 213,75 2 848,2 6 1.7 1,43,95 2 MORTGAGE MASTERS 2 285,645 4 1,373,377 6 1.7 1,659,22 2.4 OWEN COUNTY STATE BANK 5 561,35 2 1,74, 7 2 2,31,35 3.3 OLD NATIONAL BANK 4 163, 8 1,3,8 1 331,2 13 3.7 1,525, 2.2 PEOPLES STATE BANK 6 141, 1 1,392,28 4 1,137,897 1 2,33, 21 6 4,974,15 7.1 REGIONS BANK 1 18, 1.3 18, REGIONS MORTGAGE 1 123,5 1.3 123,5.2 RUOFF MORTGAGE 5 299,887 26 3,227,9 9 2,33,274 4 1,756,225 44 12.5 7,613,395 1.9 SAGAMORE HOME MORTGAGE UNITED STATES OF AMERICA UNION SAVINGS BANK 4 529,5 1 237,5 5 1.4 766,55 1.1 WATERSTONE MORTGAGE 1 99,17 1.3 99,17.1 WELLS FARGO BANK 1 111, 1 424,1 2.6 535,1.8 All Others 2 688,28 53 6,98,396 25 6,26,199 2 4,48,9 1 28.5 18,49,73 26.3 ====================== ===== =============== =================== ================== ================ ====== ============== ====== TOTALS 9 3,299,32 179 22,989,979 61 16,349,57 21 27,23,496 351 1 69,868,852 1 Copyright 217
6 Mortgage Report covering all mortgages on Monre County property, both residential and commercial, filed with the Monroe County Recorder during 217. 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 % AMERICAN MTG SERVICE 5 7,214 1 215, 6.6 915,214.4 BAXTER CREDIT UNION 5 232,4 4 443,15 5 1,476,42 14 1.5 2,151,97.9 BANK OF AMERICA 1 87, 1 289,6 2 3,524, 4.4 3,9,6 1.5 BLOOMBANK 6 21,9 11 1,479,35 2 4, 19 2 2,81,25.8 CRANE FEDERAL CU 3 11,5 4 526,5 1 295, 8.9 923,.4 FARM CREDIT MID AMERICA 1 45, 2 253,879 3.3 298,879.1 FIRST FINANCIAL BANK 4 146,366 6 87,93 1 77, 11 1.2 1,723,459.7 FREEDOM HOME MORTGAGE 3 358,293 1 267,459 4.4 625,752.2 FARMERS AND MECHANICS 1 136, 1.1 136,.1 FIFTH THIRD BANK 7 249,375 6 654, 1 5, 14 1.5 1,43,375.6 FIFTH THIRD MORTGAGE 2 12, 12 1,585,54 14 1.5 1,75,54.7 GERMAN AMERICAN BANCORP 13 493,138 19 2,625,64 15 4,283,626 12 23,86,133 59 6.3 3,487,961 12.1 HOOSIER HILLS CU 2 78,5 1 146,2 3.3 224,7.1 HALLMARK HOME MTG 4 59,369 6 1,515,595 1 1.1 2,15,964.8 INDIANA UNIVERSITY CU 8 2,952,28 6 7,771,814 21 5,679,27 12 15,847,6 173 18.5 32,25,712 12.8 JPMORGAN CHASE BANK 11 513,987 22 2,583,311 3 865, 1 1,1, 37 4 5,62,298 2 MAINSOURCE BANK 4 157,6 8 931,25 5 1,515,5 4 3,169,2 21 2.2 5,773,325 2.3 MORTGAGE MASTERS 9 1,284,126 4 1,373,377 13 1.4 2,657,53 1.1 OWEN COUNTY STATE BANK 1 1,182,155 1 225, 4 5,44, 15 1.6 6,847,155 2.7 OLD NATIONAL BANK 17 549,775 22 2,756,84 7 1,69,88 5 3,767,129 51 5.5 8,764,624 3.5 PEOPLES STATE BANK 3 738,4 26 3,165,748 12 3,584,597 6 8,156,65 74 7.9 15,645,35 6.2 REGIONS BANK 3 53, 2 212, 5.5 265,.1 REGIONS MORTGAGE 1 37,8 3 348, 1 238, 5.5 623,8.2 RUOFF MORTGAGE 7 41,762 55 7,59,75 15 4,42,269 4 1,756,225 81 8.7 13,269,6 5.3 SAGAMORE HOME MORTGAGE UNITED STATES OF AMERICA UNION SAVINGS BANK 1 1,283,25 4 1,53, 14 1.5 2,336,25.9 WATERSTONE MORTGAGE 3 379,725 3.3 379,725.2 WELLS FARGO BANK 6 87,155 1 424,1 7.7 1,231,255.5 All Others 49 1,935,72 139 18,738,379 62 16,255,976 15 71,971,65 265 28.4 18,91,77 43.1 ====================== ===== ================= ============ ===== ================= ================== ====== ============== ====== TOTALS 245 9,17,233 454 58,895,93 167 45,265,569 68 139,512,642 934 1 252,691,374 1 Copyright 217
7 Recorded Mortgages 29-217 by Quarter Between $5K and $5K 29 21 211 212 213 214 215 216 217 18 16 14 Recorded Mortgages 12 1 8 6 4 2 First Second Third Fourth Quarter Copyright 217 329 South Walnut St. 812-339-8434 www.johnbtitle.com
8 Mortgage Loan Dollar Volume 29-217 by Quarter $5K to $5K 29 21 211 212 213 214 215 216 217 $3,, $25,, Stated Original Loan Amount $2,, $15,, $1,, $5,, First Second Third Fourth Quarter Copyright 217 329 South Walnut St. 812-339-8434 www.johnbtitle.com
9 Mortgages $75K $2K Monroe County by Quarter 29 to 217 12 146 1 Number of Recorded Mortgages 8 6 4 724 733 637 558 487 416 393 33 884 878 839 832 78 747 672 683 631 617 69 564 54 496 481 94 882 824 823 564 447456 424 29 21 211 212 213 214 215 216 217 2 First Second Third Fourth Quarter www.johnbtitle.com Copyright 217 329 South Walnut Street
1 Mortgages $2K to $417K by Quarter 29 217 45 4 385 Recorded Mortgages 35 3 25 2 15 328 258 258 188 156 21 155 341 326 327 314 317 35 298 296 31 286 274 274 24 242 23 222 225 189 188 186 171 176 154 29 21 211 212 213 214 1 16 215 216 217 5 First Second Third Fourth Quarter www.johnbtitle.com Copyright 217 329 South Walnut Street
11 Mortgage Loan Dollar Volume 29-217 by Quarter Under $5K 29 21 211 212 213 214 215 216 217 $7,, $6,, Stated Original Loan Amount $5,, $4,, $3,, $2,, $1,, $- First Second Third Fourth Quarter Copyright 217 329 South Walnut St. 812-339-8434 www.johnbtitle.com
12 Recorded Mortgages 29-217 by Quarter Under $5K 26 29 21 211 212 213 214 215 216 217 24 22 Recorded Mortgages 2 18 16 14 12 1 1 2 3 4 Quarter Copyright 217 329 South Walnut St. 812-339-8434 www.johnbtitle.com
13 Recorded Sale Transactions - Monroe County Since 28 28 29 21 211 212 213 214 215 216 217 1 9 8 7 Recorded Transactions 6 5 4 3 2 1 First Second Third Fourth ** Does not include Quit-Claim Deeds, Sheriff's Deeds, or deeds judged not to represent a sale. Quarter Copyright 217 329 South Walnut St. 812-339-8434 www.johnbtitle.com
14 8 Monroe County Primary Residence Sales 213 to Present 7 26 T o t a l S a l e s 6 5 4 3 2 1 2 1 18 26 11 12 216 143 9 1 175 179 181 125 145 12 8 7 12 124 11 256 4 83 5 14 223 4 18 182 97 77 177 8 114 181 17 69 62 164 95 12 126 118 97 116 86 89 86 19 133 143 114 117 136 145 141 111 127 81 79 71 74 9 18 76 67 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 213 214 215 216 217 Quarter Over $5K $2K $5K $125K $2K $5K $125K Disclosures indicating property to be buyer's primary residence. From sales disclosure data submitted to State of Indiana DLGF. Copyright 217 www.johnbtitle.com
15 Monroe County Non Primary Residence Sales 213 Present 25 2 23 11 37 16 26 T o t a l S a l e s 15 1 15 23 21 31 6 1 39 35 13 28 34 8 18 3 7 19 27 1 16 35 26 32 4 17 27 26 25 34 3 18 36 38 26 28 37 13 2 26 51 29 56 52 35 17 37 36 Over $5K $2K $5K $125K $2K $5K to $125K 5 18 7 83 81 67 6 75 69 69 69 74 82 76 67 87 85 81 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 213 214 215 216 217 Quarter Disclosures indicating property will not be buyer's primary residence. From sales disclosure data submitted to State of Indiana DLGF. Copyright 217 www.johnbtitle.com
16 Trends: New Foreclosures & Sheriff's Deeds By Month 212-217 New Foreclosures Deeds Trend Line: New Trend Line: Deeds 45 4 35 3 25 2 15 1 5 Month Beginning January 212 Copyright 217
17 Foreclosure Started and Finished 212 to Present 35 36 3 228 25 21 186 2 179 166 124 Recorded Sheriff's Deeds New Foreclosures 15 131 1 14 1 58 5 212 213 214 215 216 217 14 New Foreclosures Recorded Sheriff's Deeds Number of new case filings in Circuit Court; Number of Recorded Sheriff's Deeds; Monroe County Only www.johnbtitle.com Copyright 217