DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/393310
ยป VISIT US ONLINE @ DSNEWS.COM 89 IN THE NEWS Louisiana Housing Discrimination Lawsuit Settled A settlement has been reached in a hous- ing discrimination lawsuit filed by the U.S. Department of Justice against the Louisiana State Bond Commission, the department announced recently. e department alleged in the suit that the commission violated the Fair Housing Act and the Americans with Disabilities Act by preventing financing for affordable housing for people with disabilities in 2009, when the commission enacted a moratorium to block funding for an affordable hous- ing project known as Esplanade in New Orleans. Half of Esplanade's 40 units were to provide people with disabilities with sup- portive housing. "We are very pleased to have worked with the Louisiana State Bond Commission to reach an agreement that will not only enable the Esplanade to be built, but that will also ensure that other affordable housing projects that include housing for persons with dis- abilities in New Orleans will not be subject to any moratorium," said Jocelyn Samuels, acting assistant attorney general for the Civil Rights Division. e commission voted to lift the mora- torium on affordable housing and approve funding for Esplanade before the settle- ment. As part of the settlement, which was approved by the U.S. District Court for the Eastern District of Louisiana, the commis- sion agreed it would not make any further attempts to delay the construction of Espla- nade or prevent any future consideration of affordable housing in New Orleans. e city of New Orleans, which was named as a defendant in the original law- suit, reached a settlement with the Depart- ment of Justice in April. e city agreed to allow the construction of and allow all necessary permits for Esplanade as part of the settlement. Another provision of the settlement requires the city to build another 350 permanent supportive housing units, provide training to city officials in the area of fair housing, change zoning laws to ac- commodate affordable housing, and create an accommodation policy subject to federal government approval. Georgia RANK: 32 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 2.83% 1.04% 8.1 YEAR AGO 3.36% 1.65% 8.2 YEAR-OVER-YEAR CHANGE -15.8% -36.7% -0.1 Top County CLAYTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 5.96% 2.23% YEAR AGO 7.07% 3.70% YEAR-OVER-YEAR CHANGE -15.7% -39.9% Top Core-Based Statistical Area CEDARTOWN, GA 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 4.59% 1.95% YEAR AGO 4.53% 2.75% YEAR-OVER-YEAR CHANGE 1.3% -29.0% 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 July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Georgia Marc Oppenheimer Associate Broker, CDPE / BPOR Serving REO Since 1987 5920 Roswell Rd Suite B-118 Atlanta,Ga. 30328 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com www.atlantareo.com Kentucky RANK: 23 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 2.23% 1.59% 7.1 YEAR AGO 2.31% 2.11% 8.4 YEAR-OVER-YEAR CHANGE -3.6% -24.4% -1.3 Top County TODD COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.99% 4.74% YEAR AGO 5.46% 3.01% YEAR-OVER-YEAR CHANGE -45.2% 57.4% Top Core-Based Statistical Area MOUNT STERLING, KY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 3.87% 3.80% YEAR AGO 2.82% 4.90% YEAR-OVER-YEAR CHANGE 37.3% -22.4% 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 July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Louisiana RANK: 21 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 3.43% 1.74% 5.8 YEAR AGO 3.35% 2.30% 6.2 YEAR-OVER-YEAR CHANGE 2.6% -24.1% -0.4 Top County ST. BERNARD PARISH 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 5.10% 4.23% YEAR AGO 5.48% 4.93% YEAR-OVER-YEAR CHANGE -6.9% -14.2% Top Core-Based Statistical Area BASTROP, LA 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 8.45% 2.91% YEAR AGO 6.65% 3.31% YEAR-OVER-YEAR CHANGE 27.0% -12.2% 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 July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Increase in REO activity in Georgia from July 2014 to August 2014. Source: RealtyTrac STAT INSIGHT 196%