DS News - Digital Archives

Ohio rank: 12 90+ Day Delinquency Rate Foreclosure Rate February 2013 3.0% Unemployment Rate 3.7% 7.0% year ago 3.3% 4.5% 7.5% year-over-year change -8.6% -19.0% -6.7% "Our X12 solution enables servicers and trackers to process X12 insurance data faster and more efficiently while ensuring greater accuracy, which reduces time and risk for the institution," said Steve Wiser, president of Specialized Business Software. "There is no programming needed or any software to install; clients can start receiving insurance policy data electronically immediately." Top County MahOning COunTy 90+ Day Delinquency Rate Foreclosure Rate STAT INSIGHT February 2013 3.8% 6.4% 141% year ago 4.6% 7.6% year-over-year change -18.1% -15.4% Top Core-Based Statistical area yOungSTOwn-warren-BOardMan, Oh-Pa 90+ Day Foreclosure Delinquency Rate Rate February 2013 3.8% 5.7% year ago 4.4% 7.1% year-over-year change -13.2% -19.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the February 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary February 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Specialized Business Software Releases Web-Based X12 EDI Translator Specialized Business Software, a provider of custom software solutions for insurance, mortgage, and financial services companies, announced the release of its Web-based X12 EDI Translator. The solution allows mortgage servicers and insurance tracking companies to translate insurance policies from the X12 format into a more readable form, the Cleveland, Ohio-based company explained in a release. It also decreases costs and saves time by removing the need to develop and maintain an internal electronic data interchange (EDI) system, according to Specialized Business Software. The X12 EDI solution translates X12 data and sends it to the company's insurance tracking system while automatically handling the acknowledgement file. 102 Increase in REO sales in Cleveland from Q4 2011 to Q4 2012. Source: RealtyTrac Oklahoma Foreclosure Rate February 2013 2.1% Oklahoma Cities Among Cheapest in the Nation Two Oklahoma markets are ranked as the third- and fourth-cheapest cities in the United States to live in, according to the Council for Community and Economic Research (C2ER). C2ER has been producing its Cost of Living Index (COLI) since 1968, providing city-to-city comparisons of key consumer expenses. The organization's 2012 COLI Annual Review puts Ardmore, Oklahoma, fourth on its list of "Least Expensive Urban Areas" and ranks Norman, Oklahoma, third. The two Oklahoma markets are bested only by Harlingen, Texas, and McAllen, Texas, when it comes to cheap living. The cost of living in Ardmore is 14.1 percent below the national average. Housing-related expenses in this town located about 100 miles south of Oklahoma City are 21.2 percent below that of the typical U.S. household. Oregon rank: 19 90+ Day Delinquency Rate IN THE NEWS rank: 17 Unemployment Rate 3.2% 5.0% 90+ Day Delinquency Rate Foreclosure Rate February 2013 2.0% 3.3% year ago 2.3% 3.2% 5.3% 2.2% 3.5% -5.7% -8.6% -5.1% Top County AdAir COunTy 90+ Day Delinquency Rate 10.7% 2.2% 8.4% 6.6% 2.6% 7.5% year-over-year change 27.3% Top Core-Based Statistical Area -15.4% -11.7% Top Core-Based Statistical Area MCAleSTer, OK 90+ Day Delinquency Rate Prineville, Or Foreclosure Rate 90+ Day Delinquency Rate February 2013 2.1% 6.0% 2.2% 6.6% year ago 5.7% 2.6% year-over-year change -1.3% Foreclosure Rate February 2013 year ago 2.1% Foreclosure Rate year ago year-over-year change -15.8% CrOOk COunTy February 2013 year ago 3.9% -5.6% Top County Foreclosure Rate February 2013 3.3% 8.9% year-over-year change -0.6% 90+ Day Delinquency Rate 8.4% year ago year-over-year change -11.2% Unemployment Rate 7.5% year-over-year change 5.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the February 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary February 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. -15.4% -11.7% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the February 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary February 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.

• Cover