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» Equifax Looks at Past Credit Behavior to Predict Future Default Equifax recently announced the availability of Equifax Dimensions, a new product created to deliver a more in-depth picture of past credit behavior to predict borrowers' future payment trends. Users of the new solution can see up to two years' worth of detailed consumer credit activity, allowing them to make more precise lending decisions, Equifax explained. Equifax Dimensions analyzes hundreds of payment characteristics to identify consumer patterns, enabling lenders and service providers to identify which consumers are most likely to open accounts, predict how much and where consumers are likely to spend, predict capacity to incur additional debt while staying current, and determine the "breaking point" of spending that will lead to default. "Equifax is constantly utilizing deeper, more meaningful analytics . . . to help our care of the consumer," said John Cullerton, SVP of product innovation and management for the Atlanta-based company. Foreclosure Rate July 2013 1.7% Foreclosure Rate July 2013 2.2% Unemployment Rate 5.6% 2.0% 2.8% 4.5% -17.6% -21.8% -8.3% Top County LInCoLn CounTy 90+ Day Delinquency Rate July 2013 2.9% Foreclosure Rate 5.4% year ago 6.1% 5.0% year-over-year change -52.7% 8.6% Top Core-Based Statistical Area 90+ Day Delinquency Rate onTArIo, or-ID Foreclosure Rate July 2013 2.2% 3.9% year ago 1.7% 3.7% year-over-year change 24.6% 3.4% 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 July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 90+ Day Delinquency Rate Foreclosure Rate July 2013 3.2% 5.9% 4.1% -23.7% 3.2% 6.6% Hawaii CounTy Foreclosure Rate July 2013 -0.0% -38.0% 10.2% HanCoCk CounTy 90+ Day Delinquency Rate July 2013 2.9% 11.7% 7.2% year-over-year change -12.7% Top Core-Based Statistical area 4.6% -15.8% Top Core-Based Statistical area Hilo, Hi 90+ Day Delinquency Rate Foreclosure Rate 90+ Day Delinquency Rate 10.2% 4.3% Foreclosure Rate 6.0% year ago year ago 3.3% PonTIaC, IL July 2013 July 2013 2.7% Foreclosure Rate 6.0% 2.8% year-over-year change -18.6% 2.2% year ago year ago 3.3% 9.0% Top County Top County 2.7% 9.2% year-over-year change -12.4% 90+ Day Delinquency Rate Unemployment Rate year ago 6.4% 11.7% 3.5% 8.4% year-over-year change year-over-year change -18.6% 7.2% year-over-year change year-over-year change -12.5% 6.6% year ago year ago 2.6% Unemployment Rate rank: 8 rank: 4 2.3% rank: 25 Illinois Hawaii 90+ Day Delinquency Rate IN THE NEWS Idaho 90+ Day Delinquency Rate -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 July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 21.6% VISIT US ONLINE @ DSNEWS.COM -29.3% 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 July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Illinois Governor Signs Bill to Protect Renters in Foreclosed Properties A new Illinois law will protect renters from getting forced out of a foreclosed property with short notice.  Gov. Pat Quinn signed a bill in late August that requires buyers of foreclosed residences to honor existing leases or give tenants at least 90 days to find new housing. The new law, which takes effect in midNovember, was sponsored by Sen. Jacqueline Collins (D-Chicago) and Rep. Kelly Cassidy (D-Chicago). The bill builds on the federal Protecting Tenants in Foreclosure Act that is scheduled to expire in 2014.  According to a statement from Gov. Quinn, about 40 percent of families impacted by foreclosure are actually renters who don't realize their landlord is behind on payments.  Illinois Home Sales, Prices Surge Rising interest rates did not stop Illinois from posting strong improvements in both home sales and prices in July, according to data released in late August by the Illinois Association of Realtors (IAR).  In July, sales of single-family homes and condominiums in Illinois reached 16,012—the highest level since August 2006. The total represents a 28.5 percent increase from July 2012. The median price of a home in Illinois also shot up, increasing 14.2 percent yearover-year to $169,000, IAR reported.  "Slight increases in interest rates over the past few months have done little to slow interest in homeownership," said Michael D. Oldenettel, CRS, GRI, president of IAR. "Buyers are clearly comfortable enough with the way the economy is progressing to make a big purchase, and sellers are getting off the sidelines as they see prices begin to erase losses sustained during the recession."  Inventory still remained low compared to last year. With 67,466 homes available for sale, inventory is down 24.7 percent from 2012. On average, homes were taken off the market within 73 days, down from 95 days in July of last year.  Out of 102 Illinois counties, 62 reported annual increases in sales, while 49 saw median prices rise compared to last year.  79

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