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STATE OF AFFAIRS: NORTHEAST » Connecticut District of Columbia rank: 6 90+ Day Delinquency Rate Foreclosure Rate oCtober 2013 2.6% rank: 19 Unemployment Rate 4.2% 7.9% 90+ Day Delinquency Rate Foreclosure Rate oCtober 2013 2.6% 2.4% year ago 2.9% 5.1% 8.4% 3.4% 2.4% -6.0% -25.5% -0.3% Top County DistriCt of Columbia Foreclosure Rate 90+ Day Delinquency Rate oCtober 2013 6.5% 2.6% 2.4% year ago 7.7% 3.4% year-over-year Change -13.9% Foreclosure Rate oCtober 2013 year ago 4.3% 3.5% Top County Windham County 3.7% 8.6% year-over-year Change -17.7% 90+ Day Delinquency Rate 8.9% year ago year-over-year Change -10.4% Unemployment Rate 2.4% year-over-year Change -15.3% -25.5% -0.3% Top Core-Based Statistical Area Top Core-Based Statistical Area WillimantiC, Ct Washington-arlington-alexanDria, DC-va-mD-Wv 90+ Day Foreclosure Delinquency Rate Rate oCtober 2013 90+ Day Delinquency Rate Foreclosure Rate oCtober 2013 3.7% 6.5% 2.3% year ago 4.3% 7.7% 1.5% year-over-year Change -13.9% 50.6% 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 October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. rank: 14 3.3% Unemployment Rate 2.9% 6.8% year ago 3.9% 3.1% 7.1% year-over-year change -17.1% -6.3% -4.2% Top County kent county 90+ Day Delinquency Rate Foreclosure Rate october 2013 4.7% 3.9% year ago 5.6% 3.9% year-over-year change -16.3% 0.5% Top Core-Based Statistical Area Dover, De 90+ Day Delinquency Rate Foreclosure Rate october 2013 4.7% 3.9% year ago 5.6% 3.9% year-over-year change -16.3% 0.5% 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 October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 114 60.3% 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 October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Delaware Foreclosure Rate october 2013 1.2% year-over-year Change -15.3% 90+ Day Delinquency Rate 1.9% year ago Fannie Mae Reports on October's Book of Business After shrinking for four consecutive months, Fannie Mae's book of business grew at an annualized growth rate of 0.8 percent in October, according to the GSE's monthly volume summary. Despite the monthly increase, Fannie Mae's book of business is still down for the year, registering an annualized growth rate of -0.9 percent through October. Fannie Mae's total book of business was valued at $3.17 trillion at October month-end. Fannie Mae's gross mortgage portfolio also decreased in October at an annualized rate of -23.6 percent, ending the month with a total balance of about $505 billion. The decline, however, was slower than in the previous few months, when the rate varied between -29 and -32 percent. Fannie Mae completed about 13,000 loan modifications in October, bringing the yearto-date total to nearly 134,000. At the same time, the GSE's serious delinquency rate on conventional single-family mortgages declined seven basis points over the month, dropping to 2.48 percent. Serious delinquencies on multifamily mortgages was 0.13 percent after falling five basis points in October. Fannie Mae took on about $49 billion in new business acquisitions in October, bringing the firm's year-to-date total for new business to $715 billion. FHFA Announces Plans to Combine Divisions As the newly confirmed Mel Watt was prepareing to take the reins at the Federal Housing Finance Agency (FHFA), Acting Director Edward DeMarco announced changes to the agency's senior staff. According to a release from FHFA, Jeffrey Spohn, deputy director of the Office of Conservatorship Operations (OCO), is retiring in January. To fill the vacant role, the agency appointed Wanda DeLeo, former deputy director in the Office of Strategic Initiatives (OSI). The two conservatorshiprelated divisions—OCO and OSI—are being combined into a new Division of Conservatorship to ease the transition. "Combining OCO and OSI into a new division will enhance the already existing coordination between these two offices," DeMarco said. "I am pleased to have an executive with Wanda's experience to manage this new division and am grateful to her for her willingness to take on this added responsibility." DeLeo, who has been with FHFA since its creation in 2008, will serve as the agency's central point of contact for all matters related to the GSEs' conservatorships. As deputy director of OSI, she oversaw the development of a common securitization platform between Fannie Mae and Freddie Mac as well as periodic progress reports and annual conservatorship scorecards. Speaking of Spohn's retirement, DeMarco said, "Jeff's unique contributions to the stability achieved with the two conservatorships cannot be overstated. He has personally and substantially contributed to billions of dollars of recovers on behalf of taxpayers at Fannie Mae and Freddie Mac, and he has earned widespread respect for his strong communication and problem-solving skills during these five-plus years of conservatorship."

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