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Reaching the Frightened Borrower

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Indiana rank: 17 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.7% Unemployment Rate 3.2% 8.5% year ago 2.9% 4.4% 8.3% year-over-year change -4.9% -27.3% 2.4% Top County OhIO COunTy 90+ Day Delinquency Rate Foreclosure Rate April 2013 1.9% 6.5% year ago 3.0% 5.2% inspection day. Appraisers who are accepted into the program must agree to consistent and fair service metrics and quality control requirements. "I have said many times that we want to make a positive impact on our industry and to continuously make it better than it was when we entered," said Tom Hurst, president of StreetLinks. "AppraiserPlus is consistent with that goal by providing measurable benefits to appraisers and lenders through real partnerships—not traditional vendor micromanagement. This program allows appraisers to focus on running their businesses and brings back the days of 'COD' style payment." Kansas rank: 32 90+ Day Delinquency Rate 2.0% 1.6% Top Core-Based Statistical Area 90+ Day Delinquency Rate Foreclosure Rate April 2013 3.3% 5.8% year ago 3.2% 5.9% year-over-year change 2.4% -1.3% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS StreetLinks Lender Solutions Unveils AppraiserPlus Program StreetLinks Lender Solutions announced the launch of its AppraiserPlus program, which the company says allows appraisers to work more efficiently and receive payments the same day properties are inspected. AppraiserPlus aims to remove appraiser hurdles of micromanagement, according to StreetLinks. The program works by limiting or removing calls, text messages, and emails to appraisers in the program during the appraisal fulfillment process, allowing for more time to focus on inspecting properties, compiling data, and writing reports, the Indianapolisbased StreetLinks explained. In addition, appraisers can remove nearly all follow-up questions, revisions, and stipulations by completing a StreetLinks QX review prior to report delivery. AppraiserPlus also provides ACH payments to appraisers on 76 5.5% 2.2% 2.2% 5.8% year-over-year change -10.2% -26.5% -5.2% Top County BourBon CounTy 90+ Day Delinquency Rate April 2013 1.6% Foreclosure Rate 3.7% year ago 2.8% 4.7% year-over-year change 26.2% LOgAnSpOrT, In Unemployment Rate year ago year-over-year change -36.6% Foreclosure Rate April 2013 -42.4% STAT INSIGHT -16.3% Amount by which housing is undervalued in Indiana against income per capita. Source: Capital Economics Top Core-Based Statistical Area ATChiSon, KS 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.5% 3.4% year ago 3.1% 3.4% year-over-year change -21.9% 1.5% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Iowa rank: 28 90+ Day Delinquency Rate Foreclosure Rate April 2013 1.4% Unemployment Rate 2.3% 4.7% year ago 1.5% 3.0% 5.2% year-over-year change -6.8% -20.6% -9.6% Top County FranklIn CounTy 90+ Day Delinquency Rate April 2013 3.7% Foreclosure Rate 6.3% year ago 6.5% 3.9% year-over-year change -42.4% 63.6% Top Core-Based Statistical area ClInTon, Ia 90+ Day Delinquency Rate Foreclosure Rate April 2013 3.1% 4.3% year ago 2.7% 4.3% year-over-year change 14.0% -21.6% 0.2% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Kansas City District Expands 'Modestly' Economic activity in the Federal Reserve District of Kansas City grew "at a modest pace" from late April to early May, the central bank reported in its latest Beige Book. At the same time, expectations for activity over the summer months strengthened further. According to the Fed's assessment, residential real estate sales in the Kansas City region continued to rise sharply. Prices trended upward and inventories were lower compared to the prior month. District contacts reported that low inventories were slowing sales and putting upward pressure on prices. They also reported concerns that appraisals were not keeping pace with price increases. Contacts expected residential sales and prices to increase further, supported by low interest rates and a rise in consumer confidence. With increasing traffic from potential buyers, many agencies in the Kansas City district have hired additional real estate agents or expect to hire in coming months.

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