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» VISIT US ONLINE @ DSNEWS.COM 91 Arizona RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 1.40% 0.61% 6.9% YEAR AGO 1.75% 1.28% 8.1% YEAR-OVER-YEAR CHANGE -20.3% -52.7% -1.20% Top County PINAL COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 1.89% 1.21% YEAR AGO 2.31% 1.98% YEAR-OVER-YEAR CHANGE -18.1% -39.0% Top Core-Based Statistical Area NOGALES, AZ 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 2.48% 1.14% YEAR AGO 2.56% 2.46% YEAR-OVER-YEAR CHANGE -2.9% -53.8% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. ARIZONA: Yavapai, Coconino, Gila County Holly Grigaitis Designated Broker 928.284.9367 reo@op onsaz.com op onsaz.com MEMBER California RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 1.52% 0.70% 7.4% YEAR AGO 2.45% 1.31% 9.0% YEAR-OVER-YEAR CHANGE -38.2% -46.7% -1.6% Top County LASSEN COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 2.09% 2.33% YEAR AGO 3.14% 2.54% YEAR-OVER-YEAR CHANGE -33.6% -8.4% Top Core-Based Statistical Area SUSANVILLE, CA 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 2.09% 2.33% YEAR AGO 3.14% 2.54% YEAR-OVER-YEAR CHANGE -33.6% -8.4% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS HUD Settles Discrimination Claim GFS Capital Holdings, formerly Greenlight Financial Services, settled a claim with HUD regarding discrimination of women on maternity leave. e company agreed to pay a total of $48,000 to individuals against whom it allegedly discriminated. HUD investigated Greenlight after a family complained the company denied their refinance loan application because the wife was on maternity leave at the time. "e fact that an applicant is on maternity leave alone is not a valid basis for denying or delaying a refinance loan," said HUD general deputy assistant secretary for fair housing and equal opportunity Bryan Greene with the announcement of the settlement. Denying a loan on such basis is prohibited by the Fair Housing Act. Additionally, when HUD investigated the couple's complaint, HUD uncovered four other instances of similar discrimina- tion against women on maternity leave. As a result, Greenlight will pay $20,000 to the couple who filed the complaint with HUD, and the other four applicants will receive $7,000 from the company. While Greenlight no longer offers mortgage loans, the company also agreed to provide fair lending training each year to its employees should it re-enter the mortgage lending space. California Housing Continues on Recovery Track e California housing market continued on its 2014 trend line in June, picking up from a month prior but remaining subdued com- pared to last year's more active market. According to real estate data site Data- Quick, an estimated 39,254 new or resale homes and condos sold statewide in Cali- fornia last month, reflecting a 4.0 percent increase from 37,734 in May, but when compared to last year's pace, June sales fell short 4.3 percent. California home sales in the month of June have varied from a low of 35,202 in 2008 to a high of 76,669 in 2004, DataQuick reports. e long-run average of June sales since 1988 is 48,929—nearly 20 percent higher than last month's number. "California sales have not been above av- erage for any particular month in more than eight years," DataQuick said. e median price paid for a home in Cali- fornia last month was $393,000, an increase of 1.8 percent from May and 11.6 percent year-over-year. It was the highest median for any month since December 2007, when prices dropped to $402,000 from a peak of $484,000 earlier that year. Median prices in California eventually slid to a trough of $221,000 in April 2009. In other state housing market news, Data- Quick reported the typical monthly mortgage payment that buyers committed to was $1,530, up from $1,508 a month prior. Adjusted for inflation, June's typical payment was 35.1 percent below that in spring 1989—the peak of the prior real estate cycle—and 47.4 percent below the current cycle's peak in June 2006. Meanwhile, market stress indicators remain in decline, DataQuick reported: "Foreclosure activity remains well below year- ago and peak levels reached in the last five years. Financing with multiple mortgages is low, while down payment sizes are stable." The cumulative value of foreclosure sales in all Phoenix metros between June 2009 and June 2014. Source: RealEstateLC.com STAT INSIGHT 16.35 Billion