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» IN THE NEWS IN THE NEWS California OCC Offers Training The Office of the Comptroller of the Currency (OCC) hosted two workshops in Little Rock, Arkansas, aimed at providing training exclusively for directors of institutions supervised by the OCC. The "Risk Assessment for Directors" workshop focused on the OCC's approach to risk-based supervision and ways directors can effectively measure, monitor, identify, and control risks. The "Compliance Risk: What Directors Need to Know" workshop focused on major compliance risk management issues. Attendees paid $99 for each workshop, all of which were facilitated by seasoned OCC supervision staff and limited to 35 registrants. The workshops are among 37 being offered nationwide as an effort to enhance and expand the skills of community bank directors. California Home Sales Hitting Record Levels Joyce Essex joyce@essexharvey.com www.EssexHarvey.com 310-777-6375 phone 310-922-7476 cell Serving All Los Angeles County REO AND SHORT SALES SPECIALIST KNOW THIS There were 252 sales in Hot Springs, Arkansas, in August making it one of the country's bottom core based statistical areas, according to ProTeck's Home Value Forecast. SOLD California rank: 41 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.2% Unemployment Rate 1.0% GARY CARTER 20955 Pathfinder Road, Suite 100 Diamond Bar, CA 91765 d: 909-860-5540, c: 951-315-7327 f: 909-860-8470 mr.sold007@yahoo.com www.garycarterrealtor.com 8.9% year ago 3.2% 2.6% 10.4% year-over-year change -31.4% -60.1% -14.4% Top County Lassen CounTy 90+ Day Delinquency Rate Foreclosure Rate August 2013 3.0% 2.0% year ago 2.6% 3.4% year-over-year change 16.2% STAT INSIGHT -41.0% Top Core-Based statistical area susanviLLe, Ca 90+ Day Delinquency Rate Foreclosure Rate August 2013 3.0% 2.0% year ago 2.6% 3.4% year-over-year change 16.2% -41.0% 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 August 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. VISIT US ONLINE @ DSNEWS.COM $864 Million Amount of fraudulent mortgage applications in California in September. Source: CoreLogic California saw an increase in home sales levels not seen since before the crisis. An estimated 36,027 new and resale houses and condos sold statewide in September, according to recent data from DataQuick. That was down 15.3 percent from 42,546 in August, but up 5.9 percent from 34,011 sales in September 2012, according to the San Diego-based company. The amount of sold homes was the highest for any September since 40,216 homes sold in September 2009. September sales ranged from a low of 24,460 in 2007 to a high of 69,304 in 2003. September's sales were 16.7 percent below the average of 43,253 sales for all the months of September since 1988. Indicators of market distress continue to decline. Foreclosure activity remains well below year-ago and peak levels reached in the last five years. Financing with multiple mortgages is low, while down payment sizes are stable, according to DataQuick. The median price paid for a home in California in September was $355,000, down 1.7 percent from $361,000 in August and up 23.7 percent from $287,000 in September 2012. September's figure was down from 7.8 percent in August and 18 percent a year earlier. Foreclosure resales peaked at 58.8 percent in February 2009. The typical monthly mortgage payment that California buyers paid in September was $1,429, down from $1,456 the month before and up from $1,027 a year earlier. Adjusted for inflation, last month's payment was 38.1 percent below the typical payment in spring 1989, the peak of the prior real estate cycle. It was 49.9 percent below the current cycle's peak in June 2006. Auction.com Wins Big at Annual Golden Bridge Awards Auction.com received two awards for its consumer residential property platform at the fifth annual Golden Bridge Awards held in San Francisco. The company received the top honor with the Gold Award for Innovation in Consumer Brands and the Silver Award for Innovation in Services. The California-based company was recognized for launching a consumer-to-consumer 73