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32 FORECLOSURE INVENTORY CONTINUES TO SHRINK IN MAY Black Knight Financial Services released its "First Look" at May Mortgage data, which found that foreclosure inventory declined to its lowest level since July 2008. As a percentage of total inventory, foreclosure pre-sale inventory is 1.91 percent, down 5.56 percent month-over-month. e percentage of total U.S. foreclosure pre-sale inventory is down 37.23 percent year- over-year. Foreclosure starts, however, are creeping back upwards. Foreclosure starts totaled 86,300 for the month of May, an increase of 9.52 percent from April. Yearly, foreclosure starts remain down by 26.11 percent. Overall delinquency rates remained steady, down a mere 0.01 percent to 5.62 percent in May. e number of properties that are 30 days or more past due but not yet in foreclosure totaled roughly 2.8 million, an 18,000 property increase from the previous month, yet a decline of 204,000 from the previous year. Properties 90 days or more past due totaled 1.1 million, down monthly and yearly by 18,000 and 166,000 respectively. Properties that are 30 days or more past due or in foreclosure totaled 3.8 million. e top five states by non-current percentage include: Mississippi (13.75 percent); New Jersey (12.62 percent); Florida (11.28 percent); New York (10.91 percent); and Louisiana (10.66 percent). e bottom five states by non-current percentage include: North Dakota (2.5 percent); South Dakota (3.61 percent); Colorado (3.82 percent); Montana (3.96 percent); and Alaska (4.06 percent). Percentage of the U.S. population that owned a home in the Q1 2014. Source: United States Census Bureau STAT INSIGHT 64.8% default servicing in print and online @ dsnews.com 08.2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online .201 .201 .201 .201 .201 .201 .201 .201 .201 .2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online @ dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com 08 08 08 08 08 08.201 .201 Housing's Golden Investment or Fairy Tale? While data shows that the housing industry is making a signifi cant rebound, some housing market investors are fi nding that in the realm of purchasing of non-performing notes is a mere fantasy. 68 Q&A SESSIONS GOOD FOR BUSINESS Knowing which questions to ask is a critical piece to investor success in the changing marketplace. 72 PREYING FOR PAYOFF Troubled homeowners are easy prey for scammers, but steps can be taken by homeowners and servicers to make sure their investments are protected. 64 APPLES, ORANGES, AND LEMONS: EFFECTIVELY MEASURING HAZARD- CLAIMS MANAGEMENT If the devil is truly in the details, one of those details for mortgage servicers is managing the mortgagee-fi led hazard insurance claims process. DS News is the only publication in the country solely dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com.