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» VISIT US ONLINE @ DSNEWS.COM 93 Alaska RANK: 49 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 1.05% 0.54% 6.8 YEAR AGO 1.13% 0.77% 6.7 YEAR-OVER-YEAR CHANGE -7.3% -29.1% 0.1 Top County FAIRBANKS NORTH STAR BOROUGH 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 1.89% 1.10% YEAR AGO 2.05% 1.37% YEAR-OVER-YEAR CHANGE -7.8% -19.7% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 1.89% 1.10% YEAR AGO 2.05% 1.37% YEAR-OVER-YEAR CHANGE -7.8% -19.7% 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 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. Arizona RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 1.35% 0.62% 7.1 YEAR AGO 1.73% 1.06% 8.1 YEAR-OVER-YEAR CHANGE -21.8% -41.6% -1 Top County GRAHAM COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.24% 1.41% YEAR AGO 1.88% 1.29% YEAR-OVER-YEAR CHANGE 18.7% 9.3% Top Core-Based Statistical Area SAFFORD, AZ 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.24% 1.41% YEAR AGO 1.74% 1.26% YEAR-OVER-YEAR CHANGE 28.5% 12.5% 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. California RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 1.42% 0.67% 7.4 YEAR AGO 2.34% 1.15% 8.9 YEAR-OVER-YEAR CHANGE -39.1% -41.8% -1.5 Top County DEL NORTE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.69% 1.79% YEAR AGO 3.12% 1.31% YEAR-OVER-YEAR CHANGE -13.8% 36.6% Top Core-Based Statistical Area CRESCENT CITY, CA 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 2.69% 1.79% YEAR AGO 3.12% 1.31% YEAR-OVER-YEAR CHANGE -13.8% 36.6% 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. IN THE NEWS California Home Sales Still Slow Despite 3.9 Percent Jump Single-family home and condominium sales in California experienced a month-over- month increase of 3.9 percent for July but saw a 9.2 percent decline year-over-year, according to PropertyRadar's July 2014 Real Property Report for California. Sales for single-family homes and condos for the first seven months of 2014 year-to-date are at their lowest levels since 2008, the report stated. Several factors contributed to the signifi- cant year-over-year decrease in California home sales, which fell in 13 of the state's 26 largest counties, the report said. A major reason for the decrease was the decline in distressed property sales. is past July, 17 percent of home sales were distressed proper- ties, down from 25.6 percent in July 2013. PropertyRadar reported that rising interest rates and affordability due to price increases were also factors in decreasing home sales. "Lackluster sales volumes so far this year should come as no surprise given the fact that in many California counties, houses have simply become unaffordable," said Madeline Schnapp, director of economic research for PropertyRadar. "e decline in afford- ability in concert with the rapid decline in lower-priced distressed properties for sale has exacted a toll on demand." e median price of a home in California in July edged slightly upward by 0.3 percent ($1,100) to $390,000, the smallest month- over-month gain since January, according to PropertyRadar. By comparison, in July 2013, median home prices shot up 7.8 percent from the previous month. e slight uptick in median home price from June to July this year was fueled by a 4.4 percent month-over- month increase in the sales volume of more expensive non-distressed properties, which comprised 83 percent of total sales this July as opposed to 74.4 percent a year ago. Demand for Compliance Services Grows e Compliance Group announced that its list of clients expanded by 20 percent in the second quarter of 2014, evidencing the fact that demand for compliance services grew. e group said that businesses added to its roster composed an inclusive mix of "mort- gage lenders/servicers, retail and community banks, and credit unions," many of which are located in Texas or California, but a healthy number of the new clients are based in the Midwest, where local regulators are particu- larly strict. Annemaria Allen, Compliance Group CEO, said the increased demand for compliance services across the country is "not surprising" when there are also federal regulations to consider as well. Among the services offered by the Com- pliance Group, the new client companies on the list have requested "quality control (QC) reviews, loan servicing QC, and audit/com- pliance program management and support," which Allen said is a "sure indicator" of a change for the industry. "Mortgage companies are getting serious about embracing compliance and quality control within their organizations," she noted. Allen went on to say that while increas- ingly automated workplaces are critical to modern lenders, it is important to keep in mind that the humans involved in the process are also critical to making good loans.

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