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» the companies' online lending libraries. Available topics include general requirements, Freddie Mac Loan Prospector, appraisal standards, and government loans, among many others. "Having a resource like AllRegs to keep our documents and information all in one place simplifies the process and allows us to be more efficient," said Poli Mortgage CEO Chip Poli. "We are all looking forward to AllRegs' lending library of mortgage underwriting guidelines, and we are confident that it will allow internal staff, as well as our business partners, to be more efficient," said Philip DeFronzo, owner of Norcom Mortgage. "We are eager to jump-start our new relationship with AllRegs and launch this new resource." Eagan, Minnesota-based AllRegs also serves as the exclusive electronic publisher of the Fannie Mae and Freddie Mac single- and multi-family seller/servicer guides. The company is also the official publisher of underwriting and loan product guidelines for the Federal Home Loan Bank of Chicago, Wells Fargo Home Mortgage, JPMorgan Chase, Citigroup, U.S. Bank Home Mortgage, and Flagstar Bank, N.A., among others. Mississippi rank: 21 90+ Day Delinquency Rate Foreclosure Rate March 2013 5.4% Unemployment Rate 2.9% 9.4% year ago 5.2% 4.1% 9.0% year-over-year change 3.4% -31.0% 4.4% Top County 90+ Day Delinquency Rate Copiah CounTy Foreclosure Rate March 2013 8.5% 4.6% year ago 7.9% 5.4% year-over-year change 7.2% -14.0% Top Core-Based Statistical area ClarkSdale, MS 90+ Day Delinquency Rate Foreclosure Rate March 2013 7.1% 4.5% year ago 7.0% 4.9% year-over-year change 1.2% -8.0% 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 March 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS FNC Goes Global The Mississippi-based mortgage technology company FNC, Inc., has taken its operations global with the official opening of an office in Sao Paulo, Brazil. Last fall, Sao Paulo-based Cetip—Latin America's largest depository of fixed income securities—selected FNC to deliver a collateral management solution for the Brazilian mortgage industry. FNC designed its Collateral Management System (CMS) technology for the $14 trillion U.S. mortgage market—the largest in the world—and now the company has taken its 13-year knowledge base and applied it to Brazil's mortgage infrastructure. "We at Cetip are excited to be partnered with FNC, the technology leader in the residential lending arena," said Roberto Dagnoni, Cetip executive director. "Brazil will greatly benefit from FNC's solutions that have proven so valuable to U.S. lenders." In Latin America, FNC's technology solutions: • Provide Brazilian banks with a system to manage the collateral valuation process, reduce costs, expedite the lending process, and access loan-level data; • Create an information hub that centralizes the various components of the Brazilian mortgage process; • Become the critical link between the various trading partners in the Brazilian mortgage process and between the primary and secondary markets; and • Ultimately act as an essential infrastructure player for the emerging Brazilian secondary market, by providing information and tools to investors. "The partnership with Cetip places FNC at the very core of the sixth largest economy in the world, and we look forward to even more growth and success," said Mississippi Gov. Phil Bryant. "We're proud that FNC, which has been recognized as one of the world's top 100 financial technology companies, is a Mississippi-born, Mississippi-based company." In addition to its flagship product, the CMS, FNC brings to the table a set of analytical tools designed to provide lenders with the details they need to make informed valuation decisions. FNC analytics are supported by its National Collateral Database— a database of property information blended from more than 78 million appraisals, public VISIT US ONLINE @ DSNEWS.COM records, and multiple listing service (MLS) listings. "We greatly appreciate the confidence Cetip has shown in FNC as they implement our solutions throughout the country of Brazil," said Bill Rayburn, FNC CEO and co-founder. "We look forward to playing a significant role in providing the infrastructure for the Brazilian housing market." STAT INSIGHT 2.8% Rate of serious delinquencies among GSE-held loans in Mississippi. Source: Federal Housing Finance Agency Be confident that the industry is hearing your message. Advertise with DS News today. Call 214.525.6700 or visit DSNews.com. 97