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VISIT US ONLINE @ DSNEWS.COM will pay g-fees in these five states that are between 15 and 30 basis points higher than the fee charged across the rest of the country. In Connecticut, the fee hike is 20 basis points (0.2 percent). Connecticut Senators Richard Blumenthal (D) and Joseph Lieberman (I) say FHFA's proposal incentivizes hasty foreclosure proceedings, resulting in the needless eviction of families and increased numbers of foreclosed homes negatively impacting local housing values and adding blight to Connecticut communities. In a letter to DeMarco, Blumenthal and Lieberman call on him to reconsider increasing guarantee fees for Connecticut mortgages. The federal lawmakers contend FHFA's plan will increase the cost of homeownership in the state, and they stress Connecticut's disproportionate foreclosing costs result from state laws that extend the foreclosure timeline by guaranteeing homeowners' right to preforeclosure mediation. "Connecticut foreclosure laws ensure that foreclosure is a last resort remedy," the senators said. "A fee increase that punishes those states that do the most to keep families in their homes is inconsistent with the enterprises' mission and with the interests of taxpayers." Delaware rank: 20 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.82% Unemployment Rate 3.22% 6.8% year ago 2.86% 3.84% 7.4% percent point change 33.5% -16.3% -8.1% Top County KenT CounTy 90+ Day Delinquency Rate Foreclosure Rate IN THE NEWS DocX Settles with Delaware AG Over Document Execution Practices Lender Processing Services' (LPS) subsidiary DocX reached a settlement with Delaware Attorney General Beau Biden, leading to the end of an investigation concerning DocX's document execution practices, LPS announced in a statement on October 16. LPS stated the settlement terms require the company to pay $150,000 to the state of Delaware and to reimburse $100,000 to the Delaware Attorney General's office for investigation fees and costs. The settlement also releases potential liability of LPS and DocX related to document execution practices in Delaware. "This settlement is another important step in our continuing efforts to resolve legal and regulatory issues related to the operations of DocX, which we closed in 2010," said Hugh Harris, president and CEO of LPS, in a statement. "LPS remains focused on resolving all remaining legal and regulatory challenges as expeditiously as possible, and is committed to ensuring that we continue to operate with integrity and compliance in everything we do." In August, LPS announced DocX settled criminal charges with Missouri Attorney General Chris Koster. LPS provides technology solutions and services, as well as data and analytics, to the nation's top mortgage lenders, servicers, and investors. september 2012 5.37% 4.08% STAT INSIGHT year ago 3.79% 4.71% percent point change 41.7% -13.5% Top Core-Based Statistical Area Dover, De 90+ Day Delinquency Rate Foreclosure Rate september 2012 5.37% 4.08% year ago 3.79% 4.71% percent point change 41.7% note: -13.5% 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 September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. $393,317 The average price of a home in Sussex County in November. Source: Trulia District of Columbia rank: 29 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.52% Unemployment Rate 2.51% 8.7% year ago 2.84% 2.85% 10.4% percent point change 23.9% -11.8% -16.3% Top County DisTriCT of Columbia 90+ Day Delinquency Rate Foreclosure Rate september 2012 3.52% 2.51% year ago 2.84% 2.85% percent point change 23.9% -11.8% Top Core-based statistical area WashingTon-arlingTon-alexanDria, DC-Va-mD-WV 90+ Day Foreclosure Delinquency Rate Rate september 2012 2.81% 2.93% year ago 1.81% 1.71% percent point change 55.1% 71.9% 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 September 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS Fannie Mae Expects First Net Annual Profit in Six Years Fannie Mae has experienced significant improvements in recent months. The Washington, D.C.-based GSE reported a $1.8 billion net income for the third quarter of this year, notable progress over the $5.1 billion loss reported in the same quarter last year. The GSEs' regulator, the Federal Housing Finance Agency, stated in its recent annual report, "[N]either company is capable of achieving the purposes established by law without the ongoing financial support provided by the U.S. Department of the Treasury." However, Fannie Mae's third-quarter report states the entity will not require a draw from Treasury this quarter. It also did not draw from Treasury last quarter. "Our financial condition has improved markedly," stated Timothy J. Mayopoulos, Fannie Mae's president and CEO. "We have paid the Treasury $8.7 billion in 2012 and our expected ability to pay taxpayers is growing." 101