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LOCAL EDITION ANALYTICS gains with a 2.1 percent price increase, while San Francisco, San Jose, and Boston ranked second with 1.5 percent HPI growth. Only two metros reported no Phoenix showed the largest growth: Columbus saw its HPI fall 0.2 percent, and Baltimore stayed more or less flat. Top five states in HPI growth month-over-month (all states): 1. Delaware (2.6 percent) 2. Alaska (2.7 percent) 3. Arizona (1.7 percent) 4. North Carolina (1.6 percent) 5. Washington, D.C. (1.5 percent) Top five metros in HPI growth month-over-month (all metros): 1. Anchorage, Alaska (2.3 percent) 2. Phoenix, Arizona (2.1 percent) 3. Asheville, North Carolina (1.9 percent) 4. Ocean Pines, Maryland (1.8 percent) 5. Bend, Oregon (1.7 percent) Myers Park Mortgage Purchased by CertusBank STRIVING FOR EXPANDED PRODUCTS, SERVICES, AND OVERALL GROWTH, CERTUSBANK ACQUIRES THE MORTGAGE LENDER. NORTH CAROLINA // Myers Park Mortgage, Inc., has been acquired by CertusBank, N.A. Through the transaction of Myers Park, the leading privately held mortgage company in Charlotte, CertusBank seeks to facilitate growth and expand the company's current loan products and services. Charles Myers, the owner and CEO of Myers Park, said of the deal, "We are excited about join- ing the CertusBank team—both companies share a common service culture, uniquely setting us apart in the industry." CertusBank's co-CEO, Walter Pending Home Sales on the Uptick in Miami AS PRICE APPRECIATION LOOMS LARGE IN ONE OF THE NATION'S HARDEST-HIT MARKETS, THE CITY'S HOME SALES PICTURE IS IMPROVING. FLORIDA // Following the recent month's change in the national Miami's June pending sales are up 22 percent from last year. The total number of pending ward-looking indicator that reflects contract signings but not closings. Total cumulative pending home sales—all pending sales on record at the end of the month, including home sales in Miami in June—in- cluding both single-family homes and condominiums—is 3,334. Pending home sales are a for- lifestyle," said Patricia Delinois, president of the Miami Association of Realtors. Single-family home pending sales are improving more than condo- minium sales. Pending sales for single-family homes in June were 7 percent higher than they were this time last year, while pending sales for condominiums are 1.2 percent higher than last year. Stearns Buys Failing Jasper Banking Company AFTER REGULATORS SHUTTERED THE FINANCIAL INSTITUTION, STEARNS BANK NATIONAL ASSOCIATION HAS ACQUIRED ITS ASSETS FROM THE FDIC GEORGIA // State regula- tors shuttered Jasper Banking Company in Georgia, raising the national tally to 39 for U.S. bank failures this year. When the bank fell dark, the FDIC estimated that it had $216.7 million in total assets and $213.1 million in total deposits. Stearns Bank National Association swooped in to sign a purchase-and-assumption agree- ment with the FDIC, as well as a loss-share transaction on $106 million of the assets. The acquirer assumed essentially all of the assets and deposits, along with three branches, which reopened under new management. The cost to the FDIC's Deposit Davis, remarked, "Now is a great time to be augmenting our mort- gage origination business, and this acquisition positions us to provide a wider and more substantive range of mortgage services to customers. " dex moved down 1.4 percent from May to June, Miami's pending home sales declined 13 percent, ac- cording to the Miami Association of Realtors and Miami's Multiple Listing Services system. Miami's change in pending Pending Home Sales Index from the National Association of Realtors (NAR), pending home sales in Miami-Dade County decreased month-over-month in June but increased year-over-year. However, while the national in- sales year-over-year was also more exaggerated than the change reported in the national index. NAR's national index rose 9.5 per- cent year-over-year in June, while those pending from previous months—are up 2.1 percent from last year and 0.8 percent from May. "Despite low levels of housing current chairman of the board of the Miami Association of Realtors. Pomares predicts continued price " said Martha Pomares, is a focal point for buyers and investors who are drawn to the favorable market conditions, the attractive investment oppor- tunities, and the exciting local "The Miami real estate market " Insurance Fund: $58.1 million. Stearns Bank heralded the inventory in Miami, pending sales activity continues to point to strong future sales, appreciation in Miami-Dade County due to "[d]windling supply coupled with rising contract activity. acquisition as one that allowed it to expand to 12 offices across four states, including Arizona, Florida, Georgia, and Minnesota. "We are pleased to welcome the Jasper Banking Company customers and employees to the Stearns Bank family," Norman Skalicky, CEO of Stearns Bank, said in a statement. "The customers of Jasper will continue to be served by the same friendly professionals and their deposits continue to be insured by the FDIC up to the legal limit and backed by the considerable capital strength of Stearns Bank," he added. THE M REPORT | 69 ORIGINATION SERVICING ANALYTICS SECONDARY MARKET