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Alabama Alaska rank: 36 90+ Day Delinquency Rate rank: 50 Foreclosure Rate May 2013 3.6% Unemployment Rate 1.4% 6.8% 90+ Day Delinquency Rate Foreclosure Rate May 2013 1.1% 7.5% 1.2% -9.3% -9.4% 1.0% year-over-year change Top County -24.0% FAirbAnks norTh sTAr borough 90+ Day Foreclosure Delinquency Rate Rate May 2013 Foreclosure Rate May 2013 6.1% 3.3% 2.0% 1.4% year ago year ago 5.3% 2.3% 1.7% year-over-year change 1.5% year-over-year change 41.9% Top Core-Based Statistical Area 16.1% -7.0% Top Core-based statistical Area FAirbAnks, Ak MoBile, Al 90+ Day Delinquency Rate Foreclosure Rate 90+ Day Delinquency Rate May 2013 3.3% 2.0% 1.4% year ago year ago 5.3% 2.3% 1.7% year-over-year change 1.5% year-over-year change 41.9% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Rubin Lublin Puts Down Roots in Alabama Rubin Lublin, LLC, a law firm that offers cradle to grave mortgage default services to mortgage banking, loan servicing, and title insurer clientele, expanded its operations into Birmingham, Alabama. "Alabama was a natural and logical expansion for our firm," said managing partner Glen Rubin. "Ms. Williams' skills and experience make her a perfect addition to our team, and will enable us to hit the ground running. We feel very confident about this expansion and being able to continue to deliver the first class service our clients expect on their entire portfolio of loans throughout the Southeast." Cindy Williams was brought in as a partner to manage the newly opened practice. She has more than 16 years in the mortgage default arena. Rubin Lublin also has locations in Georgia, Tennessee, and Mississippi. 72 Foreclosure Rate May 2013 6.1% 14.1% -16.9% Top County MACon CounTy 14.1% 7.1% year-over-year change -22.7% 90+ Day Delinquency Rate 5.9% year ago 1.9% -3.7% Unemployment Rate 0.8% year ago 3.7% IN THE NEWS 16.1% -7.0% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Arizona Foreclosure Rate May 2013 1.8% Foreclosure sales plummeted 24.5 percent in Arizona between the months of April and May, according to PropertyRadar. The company attributes the decline to new guidance from the Office of the Comptroller of the Currency. The guidance established minimum standards for handling borrower files subject to a foreclosure sale within 60 days. "We expect foreclosure sales to pick up in June as banks incorporate the new standards," PropertyRadar said in its May report. Meanwhile, foreclosure starts dropped 29.2 percent over the month of May, giving Arizona the biggest decline in new foreclosures among the five West Coast states tracked by PropertyRadar (Arizona, California, Nevada, Oregon, and Washington). Foreclosure timelines increased all along the western coast in May, with Arizona showing time-to-foreclose climbing to 210 days. Arizona had the shortest timeline among the five states included in PropertyRadar's study. Arkansas rank: 40 90+ Day Delinquency Rate Foreclosure Sales Down in Arizona rank: 25 Unemployment Rate 1.3% 7.8% 90+ Day Delinquency Rate Foreclosure Rate May 2013 3.2% 2.4% year ago 2.7% 3.0% 8.4% 4.4% 2.1% -7.1% Top County -27.2% 14.5% FrAnklin CounTy 90+ Day Delinquency Rate May 2013 2.6% 3.5% 2.5% year ago 3.9% 6.2% year-over-year change 3.7% year-over-year change -37.6% Top Core-Based Statistical Area -44.1% 61.2% Top Core-Based Statistical Area nogAleS, Az BlyTheville, Ar Foreclosure Rate 90+ Day Delinquency Rate May 2013 2.6% 2.5% 4.0% 4.4% year ago 3.9% 5.7% year-over-year change -27.6% Foreclosure Rate May 2013 year ago 3.5% Foreclosure Rate 5.9% year ago 90+ Day Delinquency Rate 0.0% Top County SAnTA Cruz CounTy 90+ Day Foreclosure Delinquency Rate Rate May 2013 -27.6% 7.3% year-over-year change -57.1% 3.5% 7.3% year ago year-over-year change -34.6% Unemployment Rate 4.4% year-over-year change -37.6% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. -28.5% -0.8% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.