january 21, 2019 · year to year fourth quarter mortgage recordings were lower (charts pages 8, 10...

21
© 2019 John Bethell Title Company, Inc. Bloomington, IN 47401 January 21, 2019 After studying the 2018 full year recording numbers, I’ve concluded that the Monroe County sale and mortgage market remains steady without any discernable trends either increasing or decreasing. (chart page 7). Sales disclosure data (charts pages 17 & 18) reflect the same level of consistency. Given the continued shortage of homes on the market, the equilibrium between inventory and closings may be reassuring when projecting 2019 numbers. Assuming the inventory shortage remains, there’s a case to make that the number of transactions won’t decline. Perhaps there will only be fewer multiple offer situations. Or, a seller may need to wait a few days for an offer instead of a few hours. Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer refinances. Our own book of business supports this hypothesis. The number of new foreclosures filed increased in 2018 (chart page 20). They are however, significantly lower that during the great recession and remain in a historically normal range. Thank you for allowing us to help you and your clients in 2018. We’re excited about 2019 and hope that you are too! ~ John Bethell

Upload: others

Post on 13-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

© 2019 John Bethell Title Company, Inc. 

Bloomington, IN 47401 

 

 

   January 21, 2019  After studying the 2018 full year recording numbers, I’ve concluded that the Monroe County sale and mortgage market remains steady without any discernable trends ‐ either increasing or decreasing. (chart page 7). Sales disclosure data (charts pages 17 & 18) reflect the same level of consistency.  Given the continued shortage of homes on the market, the equilibrium between inventory and closings may be reassuring when projecting 2019 numbers. Assuming the inventory shortage remains, there’s a case to make that the number of transactions won’t decline. Perhaps there will only be fewer multiple offer situations. Or, a seller may need to wait a few days for an offer instead of a few hours.  Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer refinances. Our own book of business supports this hypothesis.   The number of new foreclosures filed increased in 2018 (chart page 20). They are however, significantly lower that during the great recession and remain in a historically normal range.   Thank you for allowing us to help you and your clients in 2018. We’re excited about 2019 and hope that you are too!   ~ John Bethell 

Page 2: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Residential and commercial propertymortgages filed in Monroe Countyduring December 2018.

IUCU 7,283,758Ruoff 5,400,370Peoples SB 2,683,539Ger Amer 2,439,006OCSB 1,909,087JCB 1,542,100Regions 1,397,600JPMorgan 1,248,606ONB 1,140,731MutualBank 1,113,750First Financial 1,083,768Fifth Third 1,018,111Hallmark 955,116Amer Mtg Svc 270,429

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,

IUCU 66Ruoff 31Peoples SB 19Ger Amer 15ONB 10JPMorgan 9OCSB 9Fifth Third 7JCB 6MutualBank 5First Financial 5Hallmark 4Regions 3Amer Mtg Svc 2

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

IUC

U

Ruo

ff

Peop

les

SB

Ger

Am

er

OC

SB JCB

Reg

ions

JPM

orga

n

ON

B

Mut

ualB

ank

Firs

t Fin

anci

al

Fifth

Thi

rd

Hal

lmar

k

Amer

Mtg

Svc

Dollars - December 2018

0

10

20

30

40

50

60

70

IUC

U

Ruo

ff

Peop

les

SB

Ger

Am

er

ON

B

JPM

orga

n

OC

SB

Fifth

Thi

rd

JCB

Mut

ualB

ank

Firs

t Fin

anci

al

Hal

lmar

k

Reg

ions

Amer

Mtg

Svc

Transactions - December 2018

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

1

Page 3: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Mortgage Report covering all mortgages on Monre County property, both residential and commercial,filed with the Monroe County Recorder during the month of December 2018.

0 to $49,999 $50,000 to $199,999 $200,000-$499,999 $500,000 & up Total Total

Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount %

AMERICAN MTG SERVICE 0 0 2 270,429 0 0 0 0 2 0.7 270,429 0.6BAXTER CREDIT UNION 0 0 0 0 1 203,000 0 0 1 0.4 203,000 0.5BANK OF AMERICA 0 0 0 0 0 0 0 0 0 0 0 0CRANE FEDERAL CU 0 0 2 165,000 0 0 0 0 2 0.7 165,000 0.4FARM CREDIT MID AMERICA 0 0 0 0 0 0 0 0 0 0 0 0FIRST FINANCIAL BANK 0 0 1 72,375 4 1,011,393 0 0 5 1.8 1,083,768 2.6FREEDOM HOME MORTGAGE 0 0 0 0 0 0 0 0 0 0 0 0FARMERS AND MECHANICS 0 0 0 0 0 0 0 0 0 0 0 0FIFTH THIRD BANK 2 47,521 1 160,000 0 0 0 0 3 1.1 207,521 0.5FIFTH THIRD MORTGAGE 1 40,000 2 231,590 0 0 1 539,000 4 1.5 810,590 1.9GERMAN AMERICAN BANCORP 5 137,856 7 653,150 1 452,000 2 1,196,000 15 5.5 2,439,006 5.8HOOSIER HILLS CU 0 0 1 100,000 1 200,000 0 0 2 0.7 300,000 0.7HALLMARK HOME MTG 0 0 1 109,250 3 845,866 0 0 4 1.5 955,116 2.3INDIANA UNIVERSITY CU 21 576,835 35 3,516,423 9 2,340,500 1 850,000 66 24.2 7,283,758 17.3JACKSON COUNTY BANK 0 0 4 414,000 1 453,100 1 675,000 6 2.2 1,542,100 3.7JPMORGAN CHASE BANK 0 0 7 751,406 2 497,200 0 0 9 3.3 1,248,606 3MORTGAGE MASTERS 0 0 3 439,555 1 248,000 0 0 4 1.5 687,555 1.6MUTUALBANK 2 45,750 2 218,000 0 0 1 850,000 5 1.8 1,113,750 2.6OWEN COUNTY STATE BANK 1 30,000 6 664,698 1 280,000 1 934,389 9 3.3 1,909,087 4.5OLD NATIONAL BANK 2 27,873 6 483,068 2 629,790 0 0 10 3.7 1,140,731 2.7PEOPLES STATE BANK 3 113,850 13 1,460,150 2 423,100 1 686,439 19 7 2,683,539 6.4REGIONS BANK 0 0 0 0 0 0 0 0 0 0 0 0REGIONS MORTGAGE 0 0 1 177,500 0 0 2 1,220,100 3 1.1 1,397,600 3.3RUOFF MORTGAGE 0 0 24 3,300,190 7 2,100,180 0 0 31 11.4 5,400,370 12.8UNITED STATES OF AMERICA 0 0 0 0 0 0 0 0 0 0 0 0UNION SAVINGS BANK 0 0 0 0 0 0 0 0 0 0 0 0WATERSTONE MORTGAGE 0 0 0 0 0 0 0 0 0 0 0 0WELLS FARGO BANK 0 0 1 101,400 0 0 0 0 1 0.4 101,400 0.2All Others 6 65,745 44 5,464,179 22 5,729,702 0 0 72 26.4 11,259,626 26.7====================== ===== =================== =================== =================== =================== ====== ====================TOTALS 43 1,085,430 163 18,752,363 57 15,413,831 10 6,950,928 273 100 42,202,552 100

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

2

Page 4: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Residential and commercial propertymortgages filed in Monroe Countyduring 2018.

IUCU 125,373,436Ruoff 95,526,804Ger Amer 59,334,680First Financial 54,931,134ONB 49,776,811Peoples SB 45,650,086JPMorgan 23,744,329JCB 22,917,463OCSB 21,792,325Fifth Third 15,710,849Regions 14,703,522Hallmark 13,412,000MutualBank 13,102,331Amer Mtg Svc 5,925,125

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,MutualBank includes BloomBank, and First Financial includes MainSource Bank.

IUCU 792Ruoff 490Ger Amer 253Peoples SB 251ONB 238JPMorgan 157OCSB 100Fifth Third 83MutualBank 79First Financial 77Hallmark 58JCB 52Amer Mtg Svc 35Regions 34

$0

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

$140,000,000

IUC

U

Ruo

ff

Ger

Am

er

Firs

t Fin

anci

al

ON

B

Peop

les

SB

JPM

orga

n

JCB

OC

SB

Fifth

Thi

rd

Reg

ions

Hal

lmar

k

Mut

ualB

ank

Amer

Mtg

Svc

Dollars - Year-to-Date through December 2018

0

100

200

300

400

500

600

700

800

900

IUC

U

Ruo

ff

Ger

Am

er

Peop

les

SB

ON

B

JPM

orga

n

OC

SB

Fifth

Thi

rd

Mut

ualB

ank

Firs

t Fin

anci

al

Hal

lmar

k

JCB

Amer

Mtg

Svc

Reg

ions

Transactions - Year-to-Date through December 2018

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

3

Page 5: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Mortgage Report covering all mortgages on Monre County property, both residential and commercial,filed with the Monroe County Recorder during 2018.

0 to $49,999 $50,000 to $199,999 $200,000-$499,999 $500,000 & up Total Total

Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount %

AMERICAN MTG SERVICE 0 0 28 3,997,259 7 1,927,866 0 0 35 0.9 5,925,125 0.6BAXTER CREDIT UNION 6 196,900 11 1,428,518 9 2,633,785 0 0 26 0.6 4,259,203 0.4BANK OF AMERICA 0 0 5 634,500 5 1,614,520 2 1,503,944 12 0.3 3,752,964 0.4BLOOMBANK 2 59,060 7 591,130 4 899,000 0 0 13 0.3 1,549,190 0.2CRANE FEDERAL CU 14 316,600 18 1,566,414 9 3,253,090 0 0 41 1 5,136,104 0.5FARM CREDIT MID AMERICA 2 72,447 6 594,236 2 755,765 2 2,450,397 12 0.3 3,872,845 0.4FIRST FINANCIAL BANK 11 354,730 21 2,139,239 16 4,578,071 6 36,222,500 54 1.3 43,294,540 4.4FREEDOM HOME MORTGAGE 0 0 10 1,400,607 4 1,046,597 0 0 14 0.3 2,447,204 0.2FARMERS AND MECHANICS 3 92,500 5 457,000 0 0 0 0 8 0.2 549,500 0.1FIFTH THIRD BANK 15 425,141 16 1,311,778 4 997,200 1 5,168,300 36 0.9 7,902,419 0.8FIFTH THIRD MORTGAGE 2 68,000 33 4,442,535 11 2,758,895 1 539,000 47 1.2 7,808,430 0.8GERMAN AMERICAN BANCORP 36 1,112,267 115 12,200,513 82 25,096,279 20 20,925,621 253 6.2 59,334,680 6HOOSIER HILLS CU 8 223,024 18 2,125,300 4 984,000 3 2,036,250 33 0.8 5,368,574 0.5HALLMARK HOME MTG 0 0 26 3,389,294 31 9,455,706 1 567,000 58 1.4 13,412,000 1.4INDIANA UNIVERSITY CU 204 5,725,548 442 48,277,820 122 35,266,188 24 36,103,880 792 19.4 125,373,436 12.8JACKSON COUNTY BANK 2 74,100 22 2,751,075 19 6,047,130 9 14,045,158 52 1.3 22,917,463 2.3JPMORGAN CHASE BANK 13 321,000 107 11,175,392 35 10,509,937 2 1,738,000 157 3.8 23,744,329 2.4MAINSOURCE BANK 3 92,400 10 1,034,194 8 2,636,000 2 7,874,000 23 0.6 11,636,594 1.2MORTGAGE MASTERS 0 0 43 5,943,306 29 8,473,686 1 598,815 73 1.8 15,015,807 1.5MUTUALBANK 14 413,250 33 3,671,861 15 4,171,950 4 3,296,080 66 1.6 11,553,141 1.2OWEN COUNTY STATE BANK 13 344,000 58 7,281,797 20 6,051,601 9 8,114,927 100 2.4 21,792,325 2.2OLD NATIONAL BANK 26 702,814 138 15,307,012 60 17,288,094 14 16,478,891 238 5.8 49,776,811 5.1PEOPLES STATE BANK 39 1,062,890 152 17,133,278 50 15,481,679 10 11,972,239 251 6.1 45,650,086 4.7REGIONS BANK 6 158,500 5 465,093 2 580,000 3 8,782,844 16 0.4 9,986,437 1REGIONS MORTGAGE 0 0 9 1,199,529 7 2,297,456 2 1,220,100 18 0.4 4,717,085 0.5RUOFF MORTGAGE 1 40,000 302 41,295,891 185 52,987,077 2 1,203,836 490 12 95,526,804 9.7UNITED STATES OF AMERICA 1 1,130 3 408,400 0 0 0 0 4 0.1 409,530 0UNION SAVINGS BANK 1 224 22 2,832,477 6 1,619,600 0 0 29 0.7 4,452,301 0.5WATERSTONE MORTGAGE 0 0 19 2,474,045 13 3,661,150 0 0 32 0.8 6,135,195 0.6WELLS FARGO BANK 1 35,090 12 1,579,206 9 2,527,553 3 8,377,500 25 0.6 12,519,349 1.3All Others 85 1,743,666 675 86,936,468 269 74,692,982 48 192,135,389 1077 26.4 355,508,505 36.2====================== ===== =================== =================== =================== =================== ====== ====================TOTALS 508 13,635,281 2371 286,045,167 1037 300,292,857 169 381,354,671 4085 100 981,327,976 100

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

4

Page 6: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Mortgage Report covering all mortgages on Monre County property, both residential and commercial,filed with the Monroe County Recorder during the month of December 2018.

0 to $75,000 $75,001 to $199,999 $200,000-$453,100 $453,101 & up Total Total

Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount %

AMERICAN MTG SERVICE 0 0 2 270,429 0 0 0 0 2 0.7 270,429 0.6BAXTER CREDIT UNION 0 0 0 0 1 203,000 0 0 1 0.4 203,000 0.5BANK OF AMERICA 0 0 0 0 0 0 0 0 0 0 0 0CRANE FEDERAL CU 1 60,000 1 105,000 0 0 0 0 2 0.7 165,000 0.4FARM CREDIT MID AMERICA 0 0 0 0 0 0 0 0 0 0 0 0FIRST FINANCIAL BANK 1 72,375 0 0 4 1,011,393 0 0 5 1.8 1,083,768 2.6FREEDOM HOME MORTGAGE 0 0 0 0 0 0 0 0 0 0 0 0FARMERS AND MECHANICS 0 0 0 0 0 0 0 0 0 0 0 0FIFTH THIRD BANK 2 47,521 1 160,000 0 0 0 0 3 1.1 207,521 0.5FIFTH THIRD MORTGAGE 1 40,000 2 231,590 0 0 1 539,000 4 1.5 810,590 1.9GERMAN AMERICAN BANCORP 9 386,306 3 404,700 1 452,000 2 1,196,000 15 5.5 2,439,006 5.8HOOSIER HILLS CU 0 0 1 100,000 1 200,000 0 0 2 0.7 300,000 0.7HALLMARK HOME MTG 0 0 1 109,250 3 845,866 0 0 4 1.5 955,116 2.3INDIANA UNIVERSITY CU 31 1,125,335 25 2,967,923 9 2,340,500 1 850,000 66 24.2 7,283,758 17.3JACKSON COUNTY BANK 1 63,400 3 350,600 1 453,100 1 675,000 6 2.2 1,542,100 3.7JPMORGAN CHASE BANK 2 108,100 5 643,306 2 497,200 0 0 9 3.3 1,248,606 3MORTGAGE MASTERS 0 0 3 439,555 1 248,000 0 0 4 1.5 687,555 1.6MUTUALBANK 2 45,750 2 218,000 0 0 1 850,000 5 1.8 1,113,750 2.6OWEN COUNTY STATE BANK 3 142,448 4 552,250 1 280,000 1 934,389 9 3.3 1,909,087 4.5OLD NATIONAL BANK 5 194,642 3 316,299 2 629,790 0 0 10 3.7 1,140,731 2.7PEOPLES STATE BANK 7 355,100 9 1,218,900 2 423,100 1 686,439 19 7 2,683,539 6.4REGIONS BANK 0 0 0 0 0 0 0 0 0 0 0 0REGIONS MORTGAGE 0 0 1 177,500 0 0 2 1,220,100 3 1.1 1,397,600 3.3RUOFF MORTGAGE 0 0 24 3,300,190 7 2,100,180 0 0 31 11.4 5,400,370 12.8UNITED STATES OF AMERICA 0 0 0 0 0 0 0 0 0 0 0 0UNION SAVINGS BANK 0 0 0 0 0 0 0 0 0 0 0 0WATERSTONE MORTGAGE 0 0 0 0 0 0 0 0 0 0 0 0WELLS FARGO BANK 0 0 1 101,400 0 0 0 0 1 0.4 101,400 0.2All Others 16 622,574 34 4,907,350 22 5,729,702 0 0 72 26.4 11,259,626 26.7====================== ===== =================== =================== =================== =================== ====== ============== ======TOTALS 81 3,263,551 125 16,574,242 57 15,413,831 10 6,950,928 273 100 42,202,552 100

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

5

Page 7: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Mortgage Report covering all mortgages on Monre County property, both residential and commercial,filed with the Monroe County Recorder during 2018.

0 to $75,000 $75,001 to $199,999 $200,000-$453,100 $453,101 & up Total Total

Lender Docs Amount Docs Amount Docs Amount Docs Amount Docs % Amount %

AMERICAN MTG SERVICE 0 0 28 3,997,259 7 1,927,866 0 0 35 0.9 5,925,125 0.6BAXTER CREDIT UNION 7 246,900 10 1,378,518 9 2,633,785 0 0 26 0.6 4,259,203 0.4BANK OF AMERICA 0 0 5 634,500 5 1,614,520 2 1,503,944 12 0.3 3,752,964 0.4BLOOMBANK 6 306,390 3 343,800 4 899,000 0 0 13 0.3 1,549,190 0.2CRANE FEDERAL CU 23 853,454 9 1,029,560 9 3,253,090 0 0 41 1 5,136,104 0.5FARM CREDIT MID AMERICA 4 201,447 4 465,236 2 755,765 2 2,450,397 12 0.3 3,872,845 0.4FIRST FINANCIAL BANK 18 778,477 14 1,715,492 16 4,578,071 6 36,222,500 54 1.3 43,294,540 4.4FREEDOM HOME MORTGAGE 0 0 10 1,400,607 4 1,046,597 0 0 14 0.3 2,447,204 0.2FARMERS AND MECHANICS 6 302,000 2 247,500 0 0 0 0 8 0.2 549,500 0.1FIFTH THIRD BANK 24 942,239 7 794,680 4 997,200 1 5,168,300 36 0.9 7,902,419 0.8FIFTH THIRD MORTGAGE 3 132,100 32 4,378,435 11 2,758,895 1 539,000 47 1.2 7,808,430 0.8GERMAN AMERICAN BANCORP 68 3,047,444 83 10,265,336 78 23,198,029 24 22,823,871 253 6.2 59,334,680 6HOOSIER HILLS CU 9 295,024 17 2,053,300 4 984,000 3 2,036,250 33 0.8 5,368,574 0.5HALLMARK HOME MTG 3 210,250 23 3,179,044 31 9,455,706 1 567,000 58 1.4 13,412,000 1.4INDIANA UNIVERSITY CU 337 13,742,780 309 40,260,588 118 33,279,688 28 38,090,380 792 19.4 125,373,436 12.8JACKSON COUNTY BANK 4 187,500 20 2,637,675 18 5,572,130 10 14,520,158 52 1.3 22,917,463 2.3JPMORGAN CHASE BANK 50 2,416,253 70 9,080,139 35 10,509,937 2 1,738,000 157 3.8 23,744,329 2.4MAINSOURCE BANK 5 205,870 8 920,724 7 2,177,000 3 8,333,000 23 0.6 11,636,594 1.2MORTGAGE MASTERS 1 67,600 42 5,875,706 29 8,473,686 1 598,815 73 1.8 15,015,807 1.5MUTUALBANK 21 862,445 26 3,222,666 14 3,701,750 5 3,766,280 66 1.6 11,553,141 1.2OWEN COUNTY STATE BANK 23 942,248 48 6,683,549 18 5,119,601 11 9,046,927 100 2.4 21,792,325 2.2OLD NATIONAL BANK 61 2,697,092 103 13,312,734 57 15,848,094 17 17,918,891 238 5.8 49,776,811 5.1PEOPLES STATE BANK 73 3,161,940 118 15,034,228 49 14,993,679 11 12,460,239 251 6.1 45,650,086 4.7REGIONS BANK 7 208,500 4 415,093 2 580,000 3 8,782,844 16 0.4 9,986,437 1REGIONS MORTGAGE 0 0 9 1,199,529 6 1,807,456 3 1,710,100 18 0.4 4,717,085 0.5RUOFF MORTGAGE 12 757,642 291 40,578,249 184 52,510,877 3 1,680,036 490 12 95,526,804 9.7UNITED STATES OF AMERICA 1 1,130 3 408,400 0 0 0 0 4 0.1 409,530 0UNION SAVINGS BANK 4 214,874 19 2,617,827 6 1,619,600 0 0 29 0.7 4,452,301 0.5WATERSTONE MORTGAGE 0 0 19 2,474,045 13 3,661,150 0 0 32 0.8 6,135,195 0.6WELLS FARGO BANK 2 103,940 11 1,510,356 9 2,527,553 3 8,377,500 25 0.6 12,519,349 1.3All Others 159 6,280,259 601 82,399,875 267 73,717,582 50 193,110,789 1077 26.4 355,508,505 36.2====================== ===== =================== =================== =================== =================== ====== ============== ======TOTALS 931 39,165,798 1948 260,514,650 1016 290,202,307 190 391,445,221 4085 100 981,327,976 100

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

6

Page 8: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Deeds that represent a transaction.Mortgages between $50K and $500K.

Copyright 2019John Bethell Title Company, Inc.

Bloomington, IN 47401

2178

4042

2005

5130

1738

4402

1736

3986

1868

5011

2074

4382

2020

3675

2310

4301

2623

3739

2626

3472

2632

3406

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

5500

6000

6500

Deeds Mortgages

Tota

l Rec

ordi

ngs

Recorded Deeds and Mortgages in Monroe County 2008 - 2018

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

7

Page 9: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut St.Bloomington, IN 47401

812-339-8434www.johnbtitle.com

0

200

400

600

800

1000

1200

1400

1600

1800

First Second Third Fourth

Rec

orde

d M

ortg

ages

Quarter

Mortgages 2010 - 2018 by Quarter$50K to $500K

2010 2011 2012 2013 2014 2015 2016 2017 2018

8

Page 10: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut St.Bloomington, IN 47401

812-339-8434www.johnbtitle.com

$50,000,000

$70,000,000

$90,000,000

$110,000,000

$130,000,000

$150,000,000

$170,000,000

$190,000,000

$210,000,000

$230,000,000

First Second Third Fourth

Stat

ed O

rigin

al L

oan

Amou

nt

Quarter

Mortgage Loan Dollar Volume 2010 - 2018 by Quarter$50K to $500K

2010 2011 2012 2013 2014 2015 2016 2017 2018

9

Page 11: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

487

672

832

882

558

504

683

824

637

780

878

823

733

884

747

424

330

481496

447

393

631

564

456416

617 609

564

454

570547

453

382

603

559

404

0

100

200

300

400

500

600

700

800

900

1000

First Second Third Fourth

Num

ber o

f Recorde

d Mortgages

Quarter

Mortgages $75K‐$200K ‐Monroe County by Quarter ‐ 2010 to 2018

2010

2011

2012

2013

2014

2015

2016

2017

2018

www.JohnBTitle.com

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut StreetBloomington, IN 47401

10

Page 12: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

156

230

296

326

188

171

222

327

258

274

305

341

258

314

225

154

106

189 188 186201

286

242

176

155

298

317

274

167

306

277

234

188

321

257

190

0

50

100

150

200

250

300

350

400

First Second Third Fourth

Recorded

 Mortgages

Quarter

Mortgages $200K to $424.1K by Quarter 2010 ‐ 2018

2010

2011

2012

2013

2014

2015

2016

2017

2018

www.JohnBTitle.com

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut StreetBloomington, IN 47401

11

Page 13: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut St.Bloomington, IN 47401

812-339-8434www.johnbtitle.com

50

70

90

110

130

150

170

190

210

230

250

First Second Third Fourth

Rec

orde

d M

ortg

ages

Quarter

2010 2011 2012 2013 2014 2015 2016 2017 2018

12

Page 14: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut St.Bloomington, IN 47401

812-339-8434www.johnbtitle.com

$50

$1,000,050

$2,000,050

$3,000,050

$4,000,050

$5,000,050

$6,000,050

First Second Third Fourth

Stat

ed O

rigin

al L

oan

Amou

nt

Quarter

Mortgage Loan Dollar Volume 2010 - 2018 by QuarterUnder $50K

2010 2011 2012 2013 2014 2015 2016 2017 2018

13

Page 15: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

** Does not include Quit-Claim Deeds, Sheriff's Deeds, or deeds judged not to represent a sale.

Copyright 2019John Bethell Title Company, Inc.

2626 South Walnut St.Bloomington, IN 47401

812-339-8434www.johnbtitle.com

0

100

200

300

400

500

600

700

800

900

1000

First Second Third Fourth

Rec

orde

d Tr

ansa

ctio

ns

Quarter

Recorded Sale Transactions - Monroe CountySince 2009

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

14

Page 16: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

71

143 117 11174

136 14590 76

141 127 10867

117 9464 55

11181 71

89

180

164

102

86

223 182

118116

256

181

126

109

214208

13692

221

188

122

62

175

145

83

95

216

179

10497

260

181

124

114

240

197

124

122

318

219

146

8

10

9

8

5

20

18

712

26

11

12

11

30

17

13

4

31

26

13

0

100

200

300

400

500

600

700

800

1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th

2014 2015 2016 2017 2018

Total

Sales

Quarter

Monroe County Primary Residence Sales 2014 to Present 

Over $500K

$200K‐$500K

$125K‐$200K

$50K‐$125K

Disclosures indicating propertyto be buyer's primary residence.

From sales disclosure datasubmitted to State of Indiana DLGF.

Copyright 2018John Bethell Title Company, Inc.

Bloomington, IN 47401www.JohnBTitle.com

15

Page 17: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

6075 69 69 69 74 82 76

67

10887 85 81

10086

72

42

11295

71

30

27 32 4026

30

3837

26

51

56

35 36

69

60

53

34

64

72

4218

1935 26

27

34

36

28

20

37

29

5237

49

48

43

49

52 67

51

8

7

10 16

17

25

18

26

13

23

1626

17

22

26

12

17

17 12

23

0

50

100

150

200

250

300

1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th 1st 2nd 3rd 4th

2014 2015 2016 2017 2018

Total

Sales

Quarter

Monroe County Non‐Primary Residence Sales 2014 ‐ Present 

Over $500K

$200K‐$500K

$125K‐$200K

$50K to $125K

Disclosures indicating propertywill not be buyer's primary residence.

From sales disclosure datasubmitted to State of Indiana DLGF.

Copyright 2018John Bethell Title Company, Inc.

Bloomington, IN 47401www.JohnBTitle.com

16

Page 18: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

542465

371 403 407 442 445 452342 318

561

508

417493 530 535

609679

667623

332410

285

372414

465

594

662

675 805

1934

17

2930

35

50

61

7174

0

200

400

600

800

1000

1200

1400

1600

1800

2000

2009 Total 2010 Total 2011 Total 2012 Total 2013 Total 2014 Total 2015 Total 2016 Total 2017 Total 2018 Total

Total

Sales

Quarter

Monroe County Primary Residence Sales 

Over $500K

$200K‐$500K

$125K‐$200K

$50K‐$125K

Disclosures indicating propertyto be buyer's primaryresidence.

From sales disclosure data submitted to the State of Indiana DLFG

Copyright 2018John Bethell Title Company, Inc.

Bloomington, IN 47401www.JohnBTitle.com

17

Page 19: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

277250

290 281 301273

301347 339 320

125121

140 142150

129131

168218

21298

87

83 114

121

98

125

138

177 219

31

33

4950

49

41

86

78

7769

0

100

200

300

400

500

600

700

800

900

2009 Total 2010 Total 2011 Total 2012 Total 2013 Total 2014 Total 2015 Total 2016 Total 2017 Total 2018 Total

Total

Sales

Quarter

Monroe County Non‐Primary Residence Sales 

Over $500K

$200K‐$500K

$125K‐$200K

$50K‐$125K

Disclosures indicating property not to be buyer's primaryresidence. From sales disclosure data submitted to State of Indiana DLFG.

Copyright 2018John Bethell Title Company, Inc.

Bloomington, IN 47401www.JohnBTitle.com

18

Page 20: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Copyright 2019John Bethell Title Company, Inc.

0

5

10

15

20

25

30

35

40

45

Month Beginning January 2013

Trends: New Foreclosures & Sheriff's Deeds By Month 2013 - 2018New Foreclosures Deeds Trend Line: New Trend Line: Deeds

19

Page 21: January 21, 2019 · Year to year fourth quarter mortgage recordings were lower (charts pages 8, 10 &11). That’s probably due to slightly higher interest rates resulting in fewer

Recorded Sheriff's Deeds

New Foreclosures

0

50

100

150

200

250

2013 2014 2015 2016 2017 2018

166

131

104 100

81

50

228

201

186

124

111

131

Foreclosure Started and Finished 2013 to Present

Recorded Sheriff's Deeds

New Foreclosures

Number of new case filings in Circuit Court; Number of Recorded Sheriff's Deeds; Monroe County Only

www.JohnBTitle.com

Copyright 2018John Bethell Title Company, Inc.

Bloomington, IN 47401

20