Delinquent mortgages decrease, dropping to 4.13% for quarter

Industry Watch

June 27, 1999

Mortgage delinquencies improved in the first quarter of this year, according to the National Delinquency Survey released by the Mortgage Bankers Association of America.

The percentage of delinquencies decreased 13 basis points to 4.13 percent from the last quarter. The delinquency rate has fallen 29 points since this time last year, putting it at its lowest level since the first quarter of 1995.

The NDS is released quarterly and shows the seasonally adjusted delinquency rates for mortgages on one- to four-unit residential properties, approximately half of all residential mortgages.

News in Brief

Liberty Village, in Libertytown, said assembly of the community's first two modular homes has begun. The community, the first co-housing community in Maryland, is to be ready for residents in September.

O'Conor, Piper & Flynn ERA said Don Fitzgerald of its Columbia office has been chosen as chairman of the professional standards committee of the Howard County Association of Realtors. He will also chair the Grant Development Committee for the Howard County Real Estate Master's Club.

Prudential Carruthers Realtors said the team of Harriett Wasserman, Marc Goldstein and David Desser in its Pikesville office had the top listing and sales production for the company in May, with more than $5.2 million in sales.

American SkyCorp Inc. has opened a new office at 2921 Emmorton Road in Abingdon. Brook Boyle will be branch manager and Mary Stenger will be head underwriter.

Century 21 Horizon said Jim Skarda has been named the company's top listing and top sales associate for May.

O'Conor, Piper & Flynn ERA announced its top-selling agents for May: Ray Mariacker, Aberdeen; Robert Giddings, Annapolis Church; Bill Burris, Annapolis Plaza; Judy Blevins, Bel Air/Abingdon; Diana Hirschhorn, Bel Air/Forest Hill; Susan Thomas, BWI; Thelma Moore, Camp Springs; Patty Futrell, Catonsville; Nancy Simpers, Cecil; Jan Sampson, Charlotte Hall; Sue Brazzel, Columbia Town Center; Dawn Baxter, Crofton; Chivy Wieland, Easton; Kathy Gilbert, Eldersburg; Donna Macbrayne and

Richard Proctor, Ellicott City; Cindy Conklin, Federal Hill; Frank Lanham, Fells Point; Ralph Brown, Frederick; Whit Harvey, Greenspring; Donna Sweet, Glen Burnie; SuZanne Glocker, Hagerstown; Lynne Bare, Hampstead; Tim Mummert, Chris Trone and Jo Seeley, Hanover; Steve Edelen, Hunt Valley; Cheryl Winter, Jacksonville; Stephanie Lemmert, La Plata; Addie McBride, Lexington Park; Cheryl Kibler, Mount Airy; Lanta Workman, Odenton; Linda Weinstein, Owings Mills; Joanne Baker, Pasadena; Rose Jaeger, Reisterstown; Sonja Philips, Roland Park; Monique Sampson, Severn; Wilma Heck, Severna Park; Joan Klein, Timonium; Debby Sweeney, Towson/Lutherville; Alex Smith, Towson South; Melinda Roark, Waldorf; Chris Shipley and Al Noblin, Westminster; Jeanette Colberg, White Marsh; Brandon Gaines, Wyndhurst and Adam Flinchbaugh, York, Pa.

Century 21 Diana said Barb Aiken and Steve Kuzma were the franchise's top associates for May.

The National Reverse Mortgage Lenders Association announced the launch of a new Web site to help senior citizens find information on reverse-mortgage lenders in their area. The site is located at http: //www.reversemortgage.org.

Bel Air Construction of Jarrettsville said Josh Martin, a 1999 graduate of North Harford High School, was the recipient of its seventh annual "Challenge to Succeed" scholarship.

On the Move

Re/Max Acclaimed said Roy L. Wallace has joined the company's 2345 York Road office in Timonium as an associate broker.

Century 21 Anthony-Gavern said Wes Walamender has joined the company and will specialize in residential sales in Anne Arundel County.

Century 21 Horizon said Romona Dasch has joined the company and will specialize in residential property in the Baltimore area.

Susquehanna Mortgage Corp., a subsidiary of Susquehanna Bank, said Michael D. Sterner, former chief operating officer of Mason Dixon Bancshares Mortgage Corp., has been named company president.

Century 21 Atlantic said Debra Laubach has joined the company and will specialize in investment properties in Harford and Cecil counties.

American SkyCorp said the following people have joined the company: Sidney Harris, loan servicing agent; Paula Williams, accounts payable clerk; and Jan Harrison, processing manager.

Pub Date: 6/27/99

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