DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/104642
» Iowa IN THE NEWS Kentucky rank: 25 rank: 24 90+ Day Delinquency Rate Foreclosure Rate october 2012 1.67% Unemployment Rate 2.65% 5.1% 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.48% 1.68% 2.96% 5.8% 2.39% 3.48% -12.1% 3.7% -20.9% Top County BaTh CounTy Foreclosure Rate 90+ Day Delinquency Rate october 2012 5.76% 3.23% 6.95% year ago 5.23% 2.17% percent point change -3.5% Foreclosure Rate october 2012 year ago 2.72% -9.7% Top County FranklIn CounTy 2.63% 9.3% percent point change -10.4% 90+ Day Delinquency Rate 8.4% year ago percent point change -0.6% Unemployment Rate 2.75% year ago 9.17% percent point change 10.2% 48.6% -24.2% Top Core-Based Statistical area Top Core-Based Statistical area BurlIngTon, Ia-Il MounT STerling, Ky 90+ Day Foreclosure Delinquency Rate Rate october 2012 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.85% 3.96% 3.25% 6.25% year ago 2.82% year ago 3.46% 2.82% percent point change 0.9% 7.25% percent point change 14.6% 15.1% -13.8% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. note: Kansas Louisiana rank: 34 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.32% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. rank: 22 Unemployment Rate 1.75% 5.7% 90+ Day Delinquency Rate Foreclosure Rate october 2012 3.67% 2.27% 2.17% 6.6% 3.46% 3.38% -13.6% 6.2% -13.3% Top County 2.44% 3.96% 6.85% 3.97% 6.35% 6.04% 6.89% percent point change -0.3% Top Core-Based Statistical Area 13.5% -7.9% Top Core-Based Statistical area ATChiSon, KS 90+ Day Delinquency Rate BaSTroP, La Foreclosure Rate 90+ Day Delinquency Rate october 2012 3.61% 2.92% 7.66% note: 4.64% year ago 3.33% 5.75% percent point change 0.7% Foreclosure Rate october 2012 year ago 3.59% Foreclosure Rate year ago percent point change -28.6% -7.0% Top County ST. Bernard PariSh 90+ Day Delinquency Rate october 2012 Foreclosure Rate year ago 3.42% 7.1% percent point change -19.2% BourBon CounTy 90+ Day Delinquency Rate october 2012 6.6% year ago percent point change 2.1% Unemployment Rate 2.93% year ago 5.80% percent point change -12.1% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 33.3% note: VISIT US ONLINE @ DSNEWS.COM -20.1% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Wounded Vet Presented with Mortgage-Free Home Fairway Independent Mortgage Corporation, the Boot Campaign, and the Military Warriors Support Foundation (MWSF) joined forces once again to present a mortgage-free home to a wounded military veteran and Purple Heart recipient. U.S. Army Staff Sgt. Edward Cummings, who served in both Iraq and Afghanistan, and his family were honored as part of Operation Grateful Nation, a special celebration held in honor of American veterans on November 10, 2012 in Leesville, Louisiana. Cummings made it his goal to join the military after the attacks on September 11, which occurred while he was a freshman in high school. He was deployed to Iraq as a Reconnaissance Team Leader between 2007 and 2009 and to Afghanistan from 2010 to 2011. In early 2011, he was struck in the knee by enemy fire. After undergoing six months of physical therapy, Cummings volunteered to return to Afghanistan and completed his deployment, even though his injury meant he could no longer serve as an infantryman. "Many of us in Louisiana have heard Staff Sergeant Cummings's story and we are truly proud to have a real American hero in our midst," said Louise Thaxton, director of Fairway's Military Mortgage Division. "He not only sustained a life-altering injury, but then he returned to the battlefield—which shows tremendous courage and commitment. We are incredibly grateful for the sacrifices that Staff Sergeant Cummings and so many other servicemen and women and their families have made for our freedom." The Cummings' new three-bedroom, two-story home is located in Edward Cummings's hometown of Manchester, New Hampshire. It was donated by Chase Bank. The presentation was made possible because of money raised by the Boot Campaign and Fairway employees, as well as the efforts of the MSWF in acquiring distressed homes and outfitting them for the specific needs of the recipients. In addition to the home, the chosen families receive three years of family and financial mentoring. 139