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» VISIT US ONLINE @ DSNEWS.COM 89 Texas RANK: 40 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 2.12% 0.74% 5.2 YEAR AGO 2.31% 1.02% 6.3 YEAR-OVER-YEAR CHANGE -8.2% -27.2% -1.1 Top County HOUSTON COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 2.35% 3.38% YEAR AGO 1.83% 2.05% YEAR-OVER-YEAR CHANGE 27.9% 65.0% Top Core-Based Statistical Area BROWNWOOD, TX 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 2.63% 1.96% YEAR AGO 2.76% 1.36% YEAR-OVER-YEAR CHANGE -4.5% 44.0% 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 September 2014 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2014 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS SWBC Launches New Lending Services Provider San Antonio-based diversified financial services firm SWBC announced the launch of SWBC Lending Solutions, a new provider of end-to-end offerings for the financial services industry. Created from the combination of SWBC's LendingXpress and its recent acquisitions of Quality Valuation Services (QVS) and Equi-Trax Asset Solutions L.P., SWBC Lending Solutions was launched to provide products and services to cover all of the settlement services offerings used in originations and default management. "We created SWBC Lending Solutions to provide an end-to-end solution that many financial institutions are asking for," SWBC Chairman Charlie Amato said. "Compliance and vendor oversight regulations have forced financial institutions to limit the number of vendor partners they work with." As part of the transaction, Equi-Trax's Guy Taylor will serve as president of the new organization. Taylor has more than 30 years of senior-level experience and led the development of his company's unique line of hybrid collateral valuation products. Also coming to the new organization from Equi-Trax is Mark Weisgerber, who will serve as SVP and COO. He has more than 25 years of experience and has worked for the industry's largest title underwriters. Joining SWBC Lending Solutions from QVS is Chuck Mureddu, who signed on as SVP and chief valuations officer. Mureddu also brings more than three decades of com- bined mortgage lending experience, including appraisal management, enterprise risk, loss mitigation, and whole loan exit strategies. Finally, from SWBC, Joe Ware joins the team as SVP of channel management. Ware has more than 25 years' experience under his belt, having worked throughout his career in the collateral valuation and settlement services industries. SWBC's own Ted Robinson will lead the organization as CEO. "We are excited about growing SWBC Lending Solutions," SWBC President Gary Dudley said. "We will continue to look at strategic opportunities that build on our platform and add enterprise value." IN THE NEWS Virginia Man Sentenced for Hacking Fannie Mae- Run Website A Virginia man has been sentenced for illegally accessing government servers that hosted a Fannie Mae website used to support federal mortgage loan modification programs, the Office of the Special Inspec- tor General for the Troubled Asset Relief Program (SIGTARP) announced. Sathish Kumar Chandhun Rajendran, 36, of Sterling, Virginia, pleaded guilty in July to unauthorized access to a protected computer causing damage. For his sentence, he received three years of supervised release and was or- dered to perform 50 hours of community ser- vice and pay $69,638 in restitution. As part of the sentence, Rajendran was ordered to turn over the laptop with which he committed the offense to the government, and he will be required to write and publish an article online featuring details of his offense and its serious- ness, the effect it has had on Rajendran and his family, and explaining why others should not engage in similar behavior. U.S. District Judge T.S. Ellis III presided over Rajendran's sentencing hearing. Also as part of his plea agreement, Rajen- dran agreed not to participate as an employee, contractor, or subcontractor in any govern- ment contract that requires clearance for a period of three years. Court documents show that Rajendran worked at Fannie Mae as an information technology term employee, during which time he was assigned to the development of www.CheckMyNPV.com, a website estab- lished by the U.S. Department of Treasury and the U.S Department of Housing and Ur- ban Development (HUD) under the Dodd- Frank and Consumer Protection Act of 2010. e site contains a tool that allows users to check the net present value of their homes and determine their eligibility for a refinance under the Home Affordable Modification Program (HAMP), which is designed to help struggling homeowners who are facing foreclosure and is part of the government's Making Home Affordable (MHA) program. e website was operated by Fannie Mae. Rajendran's employment from Fannie Mae was terminated in August 2013, yet he continued to use his credentials to make Virginia RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.76% 0.62% 5.5 YEAR AGO 2.15% 0.76% 5.5 YEAR-OVER-YEAR CHANGE -18.2% -18.4% 0 Top County SMYTH COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 1.86% 2.29% YEAR AGO 2.92% 1.83% YEAR-OVER-YEAR CHANGE -36.2% 25.0% Top Core-Based Statistical Area MARTINSVILLE, VA 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 3.51% 1.41% YEAR AGO 2.97% 1.27% YEAR-OVER-YEAR CHANGE 18.2% 10.6% 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 September 2014 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary September 2014 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.

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