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» VISIT US ONLINE @ DSNEWS.COM 93 Colorado RANK: 49 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 1.39% 0.63% 0.63% YEAR AGO 1.67% 1.05% 1.05% YEAR-OVER-YEAR CHANGE -16.9% -39.6% -39.6% Top County LAS ANIMAS COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.13% 2.43% YEAR AGO 2.80% 4.06% YEAR-OVER-YEAR CHANGE -24.0% -40.1% Top Core-Based Statistical Area MONTROSE, CO 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.29% 1.73% YEAR AGO 1.66% 1.78% YEAR-OVER-YEAR CHANGE -22.4% -2.7% 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 January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Colorado Marina Dubrova, CRS, CDPE, CIPS Broker/ Owner 333 S Allison Pkwy, #201 Lakewood, CO 80226 720-583-6010 offi ce | 720-583-2672 fax 720-936-0540 direct | 866-870-0933 e-fax www.coloradohomeswesell.com IN THE NEWS Colorado Man Pleads Guilty to Bank Fraud e Office of the Special Inspector General for the Troubled Asset Relief Pro- gram (SIGTARP) announced Christopher Tumbaga of Colorado Springs pleaded guilty to one count of bank fraud and one count of illegally receiving kickbacks for procuring loans. e release noted, "e charges stem from Tumbaga's involvement in a two-year-long scheme to defraud TARP recipient Colorado East Bank & Trust of Lamar, Colorado, out of approximately $1.2 million." Tumbaga was employed as a loan officer at the aforementioned bank, and obtained 14 loans and misapplied funds from a line of credit. e loans were funneled to a high school friend, co-defendant Brian Headle, who also stands charged in the scheme. Court documents cite that Tumbaga in March 2009 was contacted by Headle to discuss securing a loan or line of credit from Colorado East Bank to finance Headle's real estate business. Tumbaga secured a line of credit for Headle for $250,000 based on allegedly false financial information. e two formed a partnership, with Tumbaga securing the fraudulent loans and receiving kickbacks from Headle financed by profits from his real estate business. After using Headle's name and his companies' names to secure loans, Tumbaga obtained loans in multiple other names, including Headle's wife, parents, and step- parent. When approval was needed from the bank's president, Tumbaga forged the president's signature. In one instance, Tumbaga withdrew $100,000 from a bank customer's line of credit without the knowledge of the customer and wired the money to Headle. Over the course of the scheme, Tumbaga obtained approximately $1.2 million from Colorado East and purportedly received more than $60,000 in kickbacks. "After Colorado East Bank & Trust received $10 million in TARP funds, bank loan officer Christopher Tumbaga treated the federal taxpayer support as nothing more than Monopoly money to shower upon friend Brian Headle," said Christy Romero, special inspector general for TARP. She continued, "TARP was designed to bring stability and confidence to the nation's financial system during a time of severe economic crisis, not to serve as a conduit for fraud to bail out buddies of the bank." Hawaii RANK: 4 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.14% 4.98% 4.98% YEAR AGO 2.35% 5.97% 5.97% YEAR-OVER-YEAR CHANGE -9.0% -16.7% -16.7% Top County HAWAII COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.38% 8.96% YEAR AGO 2.92% 10.83% YEAR-OVER-YEAR CHANGE -18.4% -17.3% Top Core-Based Statistical Area HILO, HI 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.38% 8.96% YEAR AGO 2.92% 10.83% YEAR-OVER-YEAR CHANGE -18.4% -17.3% 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 January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Idaho RANK: 29 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 1.42% 1.71% 1.71% YEAR AGO 1.91% 2.48% 2.48% YEAR-OVER-YEAR CHANGE -25.2% -30.9% -30.9% Top County LEWIS COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.28% 4.27% YEAR AGO 0.89% 3.60% YEAR-OVER-YEAR CHANGE 44.0% 18.7% Top Core-Based Statistical Area BURLEY, ID 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.99% 3.31% YEAR AGO 2.28% 3.59% YEAR-OVER-YEAR CHANGE -13.0% -7.8% 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 January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The amount Christopher Tumbaga of Colorado Springs, Colorado was accused of trying to defraud from TARP recipient Colorado East Bank & Trust. Source: The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) STAT INSIGHT $1.2 million