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86 STATE OF AFFAIRS: MIDWEST/SOUTH ยป Wisconsin RANK: 27 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 2.28% 1.53% 5.8 YEAR AGO 2.43% 2.50% 6.8 YEAR-OVER-YEAR CHANGE -6.3% -38.6% -1 Top County JACKSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.26% 6.45% YEAR AGO 4.11% 6.23% YEAR-OVER-YEAR CHANGE -45.1% 3.4% Top Core-Based Statistical Area MONROE, WI 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 1.97% 2.19% YEAR AGO 2.55% 3.42% YEAR-OVER-YEAR CHANGE -22.7% -35.8% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Alabama RANK: 30 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 3.58% 1.13% 6.9 YEAR AGO 3.66% 1.45% 6.5 YEAR-OVER-YEAR CHANGE -2.2% -22.2% 0.4 Top County MACON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 4.67% 3.37% YEAR AGO 5.48% 3.42% YEAR-OVER-YEAR CHANGE -14.9% -1.4% Top Core-Based Statistical Area 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 4.67% 3.37% YEAR AGO 5.48% 3.42% YEAR-OVER-YEAR CHANGE -14.9% -1.4% MOBILE, AL 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Alabama Marie Romano, CRS, GRI Owner/Broker Romano Properties A-REO Certifi ed, Property Management Certifi ed Lifetime Club of Excellence 205.358.7953 Offi ce 205.369.4648 Cell Phone RomanoProperties.com Romano.Marie@gmail.com 2969 Pelham Parkway Suite 1, Pelham, AL 35124 REOconnex IN THE NEWS CFPB Fines Alabama Firm for Mortgage Disclosure Violations e Consumer Financial Protection Bureau (CFPB) ordered RealtySouth to pay a civil penalty of $500,000 for inadequate disclo- sures. e largest real estate firm in Alabama was charged with leaving consumers unaware of their rights to choose service providers dur- ing the homebuying process. "Disclosures give consumers the power to make informed financial decisions, and buying a house is among the biggest financial decisions most people ever make," said CFPB director Richard Cordray. "e Consumer Bureau will continue to take action against companies that attempt to modify disclosures and keep consumers in the dark." e CFPB charged RealtySouth with viola- tions of the Real Estate Settlement and Practices Act (RESPA), which offers protection to con- sumers by prohibiting kickbacks for referrals of real estate settlement services. RealtySouth violated these rules by providing preprinted form purchase contracts, which its agents provided to homebuyers, that either explicitly directed or suggested that title and closing services be performed by its affiliate, TitleSouth. "While RESPA allows real estate com- panies to refer their customers to affiliated businesses, the law requires them to provide consumers an Affiliated Business Arrange- ment (ABA) disclosure that clearly states their right to shop around for a better price and that they are not required to use the affiliated company," CFPB said. e disclosure provided by RealtySouth did not comply with the law. It did not prop- erly highlight consumers' rights, and the lan- guage was buried in a section of text that also made marketing claims about the company. Arkansas RANK: 26 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 3.31% 1.57% 6.6 YEAR AGO 3.38% 2.61% 7.5 YEAR-OVER-YEAR CHANGE -2.2% -39.9% -0.9 Top County JOHNSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 2.88% 3.63% YEAR AGO 2.94% 4.86% YEAR-OVER-YEAR CHANGE -2.0% -25.4% Top Core-Based Statistical Area BLYTHEVILLE, AR 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 4.91% 2.79% YEAR AGO 4.29% 4.92% YEAR-OVER-YEAR CHANGE 14.5% -43.3% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida RANK: 2 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2014 3.03% 5.58% 6.2 YEAR AGO 3.54% 10.54% 7.6 YEAR-OVER-YEAR CHANGE -14.5% -47.1% -1.4 Top County WASHINGTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 3.71% 10.92% YEAR AGO 3.60% 13.47% YEAR-OVER-YEAR CHANGE 3.0% -18.9% Top Core-Based Statistical Area PALATKA, FL 90+ Day Foreclosure Delinquency Rate Rate APRIL 2014 3.40% 9.57% YEAR AGO 3.94% 12.25% YEAR-OVER-YEAR CHANGE -13.9% -21.9% 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 April 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary April 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.