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Texas rank: 40 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.2% Unemployment Rate 1.0% 6.4% year ago 2.4% 1.5% 6.8% year-over-year change -9.9% -30.8% -5.9% Top County LimesTone CounTy 90+ Day Delinquency Rate Foreclosure Rate August 2013 1.8% 2.8% year ago 2.4% 1.5% year-over-year change -25.2% 89.8% Top Core-Based statistical Area BonhAm, TX 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.2% 2.0% year ago 2.2% 2.8% year-over-year change -1.3% -27.1% 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 Axios Releases Regulatory Review Program for Appraisal Compliance In Fort Worth, Axios Valuation Solutions now offers a Regulatory Review Program in its suite of services. According to a company release, the regulatory reviews are designed to meet requirements outlined in the Texas Administrative Code that call for minimum independent compliance reviews on appraisals performed by appraisal management companies. Those reviews must be performed by a Texas licensed appraiser who has access to local multiple listing service (MLS) data. "At Axios, we are making a big push to ensure that our clients and the industry are educated on these constantly changing rules," said Tony Pistilli, Axios' chief appraiser, noting that non-compliance could result in a client's license being suspended or revoked. "Our goal is to make sure everyone is aware and taking the appropriate steps to comply." 92 By integrating with local MLS data, Axios is able to automatically and systemically validate the significant characteristics of the subject and comparables on every regulatory review, verifying accuracy and identifying potential fraud. In addition, certified appraisers have direct access to every MLS database in Texas and beyond along with national cost data to complete reviews in compliance with the Uniform Standards of Professional Appraisal Practice. "That technology combined with a staff of highly competent Texas-licensed review appraisers makes Axios the obvious choice," Pistilli said. Assurant Acquires Field Asset Services Assurant announced its acquisition of Field Asset Services, significantly expanding the company's presence in the property preservation, inspection, and restoration industry. The acquisition broadens the field services business launched in 2011 by Assurant Specialty Property as Assurant Property Advantage. Both businesses aim to help mortgage lenders, servicers, and other firms preserve the value of properties in their portfolios. "This acquisition leverages Assurant's resources and relationships with lending institutions and builds on Field Asset Services' strong operating platform and vendor network," said Gene Mergelmeyer, president and CEO of Assurant Specialty Property. "Together, as leaders in the property preservation industry, we will play an increasing role in maintaining healthy, stable neighborhoods in communities nationwide." Assurant acquired Field Asset Services in a cash purchase for $55 million. The 300 employees of Field Asset Services have joined the employees of Assurant Property Advantage to form a new business, Assurant Field Asset Services, based in Austin, Texas. STAT INSIGHT 42,522 Completed foreclosures in Texas during 12 months ending in August. Source: CoreLogic Your best choice It's 24-hour BPO turnaround, same-day occupancy reports, weekly inspections and 47-day average list-to-close. It's experience, speed, professionalism and timeliness, 19 years REO experience and 10 consecutive years achieving the Century 21 Centurion Award It's why Samantha Roper is the person for your RE and REO needs. Serving: San Antonio, Bexar, Comal, and Guadalupe Counties SamanthaInc Roper, Broker Team 21 Asset Mgmt, Better Homes & Gardens RE 3520 N Loop 1604 E San Antonio, TX 78247 210-657-0123 210-657-1123 fax Utah rank: 36 90+ Day Delinquency Rate Foreclosure Rate August 2013 2.3% Unemployment Rate 1.2% 4.7% year ago 2.9% 1.8% 5.7% year-over-year change -22.5% -33.8% -17.5% Top County 90+ Day Delinquency Rate Beaver CoUnTy Foreclosure Rate August 2013 3.0% 2.3% year ago 1.7% 2.9% year-over-year change 73.5% -20.2% Top Core-Based Statistical area PriCe, UT 90+ Day Delinquency Rate Foreclosure Rate August 2013 1.8% 2.0% year ago 2.2% 1.7% year-over-year change -18.2% 22.2% 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.