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Idaho rank: 25 90+ Day Delinquency Rate Foreclosure Rate June 2013 1.6% Unemployment Rate 2.3% 6.4% year ago 2.1% 2.8% 7.3% year-over-year change -21.6% -19.0% -12.3% Mortgage Corporation provided funding for the loan. The cases are tied to a long-term investigation of mortgage fraud activity related to Crestwood Homes. So far, 13 individuals have been sentenced since November 2010 for wire fraud, bank fraud, and making false statements in the elaborate Crestwood Homes fraud scheme. Top County LInCoLn CounTy 90+ Day Delinquency Rate June 2013 2.7% Foreclosure Rate 5.1% year ago 5.5% 5.9% year-over-year change -51.1% -13.6% Top Core-Based Statistical Area 90+ Day Delinquency Rate BurLey, ID Foreclosure Rate June 2013 1.4% 3.8% year ago 1.9% 3.5% year-over-year change -23.4% 7.6% 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 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 Idaho Couple Sentenced to Prison for Wire Fraud in Mortgage Scheme In Idaho, a husband and wife were sentenced to prison for committing wire fraud as part of a mortgage scheme. U.S. District Judge Edward J. Lodge sentenced Aaron Michael Hymas to 24 months in prison and ordered him to pay $1.52 million in restitution, while his wife, Tiffany Kim Hymas, was sentenced to 60 days in prison and required to pay over $667,500. The couple admitted to defrauding a lender by having Tiffany submit a loan application with deceptive information for a $295,600 loan in 2007, according to a statement from the Justice Department. Tiffany falsely claimed to have income and commissions of $72,500 per month at her job, and also stated she brought in gross rental income of $14,600 per month from four properties in Meridian, Nampa, and Boise. Taylor Bean and Whitaker 120 STAT INSIGHT -38.4% Decline in number of non-current Idaho mortgage loans in June from state's noncurrent inventory peak. Source: Lender Processing Services Illinois rank: 8 90+ Day Delinquency Rate Foreclosure Rate June 2013 3.1% Unemployment Rate 4.3% 9.2% year ago 3.1% 6.6% 9.0% year-over-year change -1.5% -35.5% 2.2% Top County Logan CounTy 90+ Day Delinquency Rate Foreclosure Rate June 2013 3.6% 6.4% year ago 3.5% 11.2% year-over-year change 1.4% -42.9% Top Core-Based Statistical area 90+ Day Delinquency Rate LInCoLn, IL Foreclosure Rate June 2013 3.6% 6.4% year ago 3.5% 11.2% year-over-year change 1.4% -42.9% 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 Q2 Delinquency Rate Decrease Sets All-Time Record The national mortgage delinquency rate sank to 4.09 percent in the second quarter of this year, representing a near 26 percent decrease from the same quarter last year, according to data from TransUnion. The delinquency rate—which the Chicago-based credit bureau measures as loans that are 60 days or more past due—also showed a 10 percent quarterly decline. "This marks the third quarter in a row where we have posted all-time highs in terms of delinquency improvement and that is very welcome news for both borrowers and their lenders," said Tim Martin group VP in TransUnion's financial services business unit. "Many of the delinquent mortgages we have been tracking have been delinquent for a very long time, so it is encouraging to see this number is coming down so significantly." The reduction was widespread across the country, with all states, plus the District of Columbia, experiencing annual declines in their delinquency rates. States showing significant improvements were also states plagued with a high rate of 60-plus-day delinquencies. For example, Florida and Nevada held the highest delinquency rates, at 9.87 percent and 7.74 percent, respectively, however, delinquencies decreased by more than 26 percent in each state. The three states with the biggest annual declines overall were Arizona (-41.7 percent), California (-40.8 percent), and Colorado (-35 percent). Furthermore, 95.4 percent of metro areas tracked saw annual declines in their delinquency rate in the second quarter, compared to 91 percent in the first quarter of the year. The decrease was the largest in Phoenix, where the rate plummeted 47.7 percent. Other metros that experienced steep drops in delinquencies included San Francisco (-43.7 percent), Denver (-38.9 percent), Los Angeles (-38.9 percent), and Detroit (-38.8 percent). According to TrasnUnion's projection for the third quarter, the delinquency rate should slip below 4 percent for the first time since 2008. Martin says factors such as improving prices and low interest rates should help reduce the delinquency rate throughout the year, but he warned, "[T]he recent and sizable increase in mortgage interest rates may eventually slow the progress."

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