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Utah rank: 36 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.3% Unemployment Rate 1.4% 4.7% year ago 2.9% 2.0% 5.8% year-over-year change -21.1% -29.5% -19.0% Top County 90+ Day Delinquency Rate Iron CoUnTy Foreclosure Rate June 2013 2.9% 2.4% year ago 4.1% 3.8% year-over-year change -30.4% -36.9% Top Core-Based Statistical Area CedAr CITy, UT 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.9% 2.4% year ago 4.1% 3.8% year-over-year change -30.4% -36.9% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. IN THE NEWS Prudential Utah Real Estate Added to RealtyTrac's Broker Network RealtyTrac recently announced the addition of Prudential Utah Real Estate to its RealtyTrac Network (RTN) of independent and franchised brokerage companies. Prudential Utah Real Estate has 15 offices and more than 400 agents covering nine counties in northern Utah. "The company encompasses all of the attributes that we look for when qualifying a broker to become a part of the RealtyTrac Network," said RealtyTrac CEO Jamie Moyle. As a member of RTN, the company can leverage RealtyTrac's database that includes property-level data for sales, distressed property details, and other real estate information. Steve Roney, CEO of Prudential Utah Real Estate, explained that members of RTN benefit from the company's relationships with national and local media, access to 140 potential listing and buyer leads, extensive property-related data, and IDX listing feeds on RealtyTrac.com, which is expected to enhance SEO results. "This is truly a perfectly timed offering for our industry fueled now by the recovery of the housing market," Roney said. Federal Regulator Accuses Utah Lender of Offering 'Illegal' Bonuses to Loan Officers The Consumer Financial Protection Bureau (CFPB) filed a complaint against Castle & Cooke Mortgage over allegations that the company gave bonuses to loan officers who steered customers into mortgages with less favorable terms. The complaint, which was filed in federal district court in Utah, claims that under the direction of Matthew A. Pineda, company president, and Buck L. Hawkins, its SVP of capital markets, Castle & Cooke violated a rule from the Federal Reserve Board that bans compensation based on loan terms. Since the rule took effect in April 2011, the CFPB estimates more than 1,100 quarterly bonuses ranging from $6,100 to $8,700 were paid to more than 150 loan officers at Castle & Cooke. "Today we are taking action against the type of practices that precipitated the financial crisis," said Richard Cordray, CFPB director. "Consumers should be able to get a mortgage without worrying about how the financial incentives of their loan officers may cause them to pay higher rates than they actually qualify for." Furthermore, the bureau believes the Utah-based mortgage company violated laws requiring companies to retain evidence of compliance for two years. According to the complaint, Castle & Cooke maintained a record of quarterly bonus amounts paid to loan officers, but did not record what portion of an officer's quarterly bonus is attributable to a certain loan. The complaint seeks to end the compensation scheme and is looking to secure restitution for affected customers. According to a release from the CFPB, Castle & Cooke has operations in 22 states and originated approximately $1.3 billion in loans in 2012. Vermont rank: 10 90+ Day Delinquency Rate Foreclosure Rate June 2013 1.6% Unemployment Rate 3.5% 4.4% year ago 1.7% 3.8% 5.1% year-over-year change -5.4% -7.5% -13.7% Top County Grand Isle CounTy 90+ Day Delinquency Rate Foreclosure Rate June 2013 1.7% 5.8% year ago 1.7% 4.8% year-over-year change -5.2% 21.6% Top Core-Based statistical area BennInGTon, VT 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.2% 5.6% year ago 2.4% 4.9% year-over-year change -10.7% 12.7% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Virginia rank: 47 90+ Day Delinquency Rate 2.1% Foreclosure Rate June 2013 Unemployment Rate 0.9% 5.5% year ago 2.2% 1.7% 6.0% year-over-year change -6.6% -45.2% -8.3% Top County Cumberland CounTy 90+ Day Foreclosure Delinquency Rate Rate June 2013 3.7% 3.0% year ago 4.7% 1.9% year-over-year change -22.1% 60.7% Top Core-based Statistical area WaShingTon-arlingTon-alexandria, dC-Va-md-WV 90+ Day Foreclosure Delinquency Rate Rate June 2013 2.6% 2.1% year ago 3.3% 2.7% year-over-year change -21.9% -21.9% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.