DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/129399
ยป industry. As we grow, we wanted to ensure our involvement in the discussions that shape our industry. We look forward to working with our peers and industry partners to identify and resolve these issues." "We welcome United States Appraisals to the CRN group," added Joan Trice, CRN founder and managing director. "We are always excited to have a growing organization bring a fresh set of ideas and a new perspective to the table." Louisiana rank: 22 90+ Day Delinquency Rate Foreclosure Rate February 2013 3.5% Unemployment Rate 2.8% 6.0% year ago 3.6% 3.4% 6.9% year-over-year change -2.0% -17.6% -13.0% Top County ST. Bernard PariSh 90+ Day Delinquency Rate VISIT US ONLINE @ DSNEWS.COM as though prospective homebuyers had more money than they did when providing loans. To avoid reporting the delinquency on the loans, Fouquet provided insufficient checks, which Harper would accept and use to credit loan payments to First Community. In a release, Christy Romero, Special Inspector General for TARP, said the scheme "caused significant losses to First Community Bank and jeopardized the bank's financial stability and ability to serve its community." Foreclosure Rate February 2013 6.1% Kentucky 5.9% rank: 26 90+ Day Delinquency Rate Foreclosure Rate February 2013 2.5% Unemployment Rate 2.5% 7.9% 3.5% 8.3% year-over-year change -1.8% -29.4% -4.8% Foreclosure Rate February 2013 7.0% year ago 3.5% 6.0% year-over-year change -4.4% rank: 5 -13.1% Top Core-Based Statistical area BogaLuSa, La 90+ Day Delinquency Rate Foreclosure Rate February 2013 3.4% 4.4% 3.7% Powell CounTy 3.3% 4.3% 4.5% year-over-year change -8.1% -1.0% 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. Top Core-Based Statistical Area IN THE NEWS SomerSeT, Ky Foreclosure Rate February 2013 3.5% 5.5% year ago 3.2% 7.3% year-over-year change 8.8% 90+ Day Delinquency Rate Foreclosure Rate February 2013 2.7% -25.0% 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. STAT INSIGHT 2,148 GSE-owned REOs in Kentucky as of the end of 2012. Source: Federal Housing Finance Agency Former First Community CEO and Developer Sentenced for Fraud A former bank president and a real estate developer in Louisiana were sentenced for conspiring to commit bank fraud, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced on April 5. U.S. District Judge Nannette Jolivette Brown sentenced Reginald R. Harper, the former CEO of First Community Bank of Hammond, Louisiana, to 24 months in prison, while Troy A. Fouquet, a local developer, was sentenced to 18 months in prison. Harper and Fouquet were also ordered to pay close to $571,000 in restitution. In 2004, Harper loaned more than $2 million to Fouquet so he could buy land to develop into subdivisions and then build homes on them to sell to prospective homebuyers, according to court documents. When Harper and Fourquet were having trouble finding qualified homebuyers, they used "straw" buyers. Harper also made it appear Unemployment Rate 5.8% 7.3% year ago 2.6% 5.8% 7.3% year-over-year change 0.9% -0.9% 0.0% Top County WashingTon CounTy 90+ Day Foreclosure Delinquency Rate Rate February 2013 5.3% 12.0% year ago 3.7% 12.6% year-over-year change 43.0% 15.2% 90+ Day Delinquency Rate Maine year ago Top County 90+ Day Delinquency Rate 7.2% year-over-year change year ago 2.5% 6.2% year ago -5.1% Top Core-Based statistical area LeWisTon-auBurn, Me 90+ Day Foreclosure Delinquency Rate Rate February 2013 3.6% 7.3% year ago 3.5% 7.1% year-over-year change 4.7% 3.3% 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. STAT INSIGHT Median number of days Portland homes listed for sale had been on the market in March. Source: Realtor.com 93