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» rank: 21 rank: 4 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.0% FROM THE BENCH Idaho Hawaii Unemployment Rate 5.3% 4.3% 90+ Day Delinquency Rate Foreclosure Rate August 2013 1.6% 2.2% 6.6% 5.7% 1.9% -18.8% -24.6% 2.9% -16.6% -23.3% LInCoLn CounTy 90+ Day Delinquency Rate August 2013 Hawaii CounTy Foreclosure Rate August 2013 2.3% 2.1% 9.7% 4.6% year-over-year change -50.5% -17.9% Top Core-Based Statistical area 28.6% Top Core-Based Statistical Area Hilo, Hi 90+ Day Delinquency Rate 90+ Day Delinquency Rate Foreclosure Rate BurLey, ID 1.6% 9.7% 4.1% year ago year ago 3.0% 1.7% 11.8% 3.9% year-over-year change year-over-year change -24.1% Foreclosure Rate August 2013 August 2013 2.3% Foreclosure Rate 6.0% 4.2% 11.8% year-over-year change -24.1% -2.9% year ago year ago 3.0% 7.0% Top County Top County 90+ Day Delinquency Rate 6.8% year-over-year change year-over-year change -18.3% Unemployment Rate MERS Wins Dismissal in Illinois County Recording Suit year ago year ago 2.4% VISIT US ONLINE @ DSNEWS.COM -4.8% -17.9% 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 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. IN THE NEWS Housing Expense Raises Hawaii's Cost of Living A group of economists, tax experts, and professors surveyed by Honolulu's Civil Beats news outlet "still view housing as the primary driver that makes Hawaii the most expensive place to live in the country," according to staff writer Nathan Eagle. A single-family home in 1992 in Hawaii carried an average sales price of $349,000. At that time, the national average for a singlefamily home was $121,000. Today, it will cost a new homeowner $665,000 for a singlefamily abode, on average, compared with a national average of $257,000. "Yes, the housing market on the mainland tanked while Hawaii's has remained relatively stable. . . . . But housing is perhaps the most critical element of the cost of living in Hawaii," according to Eagle. Eagle references one of Hawaii's leading economists, Paul Brewbaker, who estimates it costs about 25 percent more to live in the Aloha State than on the mainland, on average— down from nearly 40 percent back in 1992. 4.0% 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. Illinois Indiana rank: 7 90+ Day Delinquency Rate rank: 18 Foreclosure Rate August 2013 2.6% A lawsuit brought against Mortgage Electronic Registration Systems (MERS) by Illinois' Macon County has been dismissed, the company announced. The District Court for the Central District of Illinois accepted the report and recommendation of Magistrate Judge David G. Bernthal to dismiss a suit filed by the county and by its recorder of deeds, Mary Eaton. Eaton and Macon County alleged that the existence of the MERS System deprived Macon and surrounding counties of income. The plaintiffs argued that they retained a first-lien priority under Illinois statutes. Rejecting the claims, Bernthal said, "Defendants lawfully recorded and paid recording fees for the original mortgage, naming MERS as nominee. At that time, first-lien priority attached to the recorded mortgage pursuant to state law. Defendants lawfully chose not to record intermediate transfers. Thus, they did not owe recording fees for those transfers." Unemployment Rate 4.1% 9.2% 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.8% 2.5% year ago 3.0% 6.5% 8.9% 3.0% 4.1% 3.4% Top County -6.2% -38.5% Foreclosure Rate August 2013 8.2% SwITzerland CounTy 90+ Day Foreclosure Delinquency Rate Rate August 2013 2.9% 5.1% year ago 2.7% year ago 6.7% 4.3% year-over-year change -59.3% Top Core-Based statistical area 90+ Day Delinquency Rate Foreclosure Rate -30.8% 90+ Day Delinquency Rate 6.0% 3.4% Foreclosure Rate 4.6% year ago 7.6% 3.9% year-over-year change -2.9% loganSporT, In August 2013 year ago 3.7% -33.8% Top Core-Based Statistical area August 2013 3.6% 7.8% year-over-year change 23.2% PonTIaC, IL -3.6% Top County Cass CounTy 1.1% 8.4% year-over-year change -37.5% 90+ Day Delinquency Rate 8.1% year ago year-over-year change -11.8% Unemployment Rate 7.1% year-over-year change -20.7% 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 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. -13.5% -34.6% 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 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. 79