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128 Iowa RANK: 26 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.43% 1.37% 4.3 YEAR AGO 1.52% 2.03% 4.2 YEAR-OVER-YEAR CHANGE -6.2% -32.7% 0.1 Top County FRANKLIN COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 3.71% 4.13% YEAR AGO 2.55% 4.37% YEAR-OVER-YEAR CHANGE 45.9% -5.5% Top Core-Based Statistical Area 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 YEAR AGO YEAR-OVER-YEAR CHANGE 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 fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Kansas RANK: 32 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.99% 1.02% 4.3 YEAR AGO 2.12% 1.30% 5 YEAR-OVER-YEAR CHANGE -6.1% -21.6% -0.7 Top County LABETTE COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.46% 4.93% YEAR AGO 3.60% 2.80% YEAR-OVER-YEAR CHANGE 23.7% 76.3% Top Core-Based Statistical Area PARSONS, KS 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 4.46% 4.93% YEAR AGO 3.60% 2.80% YEAR-OVER-YEAR CHANGE 23.7% 76.3% 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 fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Michigan RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate SEPTEMBER 2014 1.93% 0.66% 6.7 YEAR AGO 2.23% 1.04% 8.5 YEAR-OVER-YEAR CHANGE -13.3% -36.7% -1.8 Top County TUSCOLA COUNTY 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 3.10% 1.76% YEAR AGO 3.16% 1.47% YEAR-OVER-YEAR CHANGE -1.8% 19.5% Top Core-Based Statistical Area STURGIS, MI 90+ Day Foreclosure Delinquency Rate Rate SEPTEMBER 2014 2.68% 1.76% YEAR AGO 2.84% 1.93% YEAR-OVER-YEAR CHANGE -5.6% -8.8% 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 September 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary September 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Michigan Sees Surge in 12-Month Sum of Completed Foreclosures e number of completed foreclosures in Michigan took a huge turn upward for the 12-month period ending October 31, jumping 55 percent from the 12-month total ending on September 30, according to CoreLogic's October 2014 National Foreclosure Report. e Great Lakes State reported 45,000 foreclosure completions the 12-month period from November 2013 to October 2014, up from the total of 29,000 reported in Septem- ber, according to CoreLogic. e number of completed foreclosures in Michigan for October was second only to Florida (118,000) among states. Michigan's serious delinquency rate, or percentage of mortgage loans that are 90 days or more overdue, was reported at 3.2 percent for October 2014, a full percentage point below the national average of 4.2 percent, CoreLogic reported. Michigan's foreclosure inventory, or the percentage of homes in any state of foreclosure, was 0.6 percent for October, also a full percentage point behind the national average of 1.6 percent. e 12-month sum of foreclosures for the period ending in October 2014 totaled slightly more than 561,000, according to CoreLogic. Completed foreclosures nationwide have declined for 36 consecutive months and are at their lowest level since October 2007. Just as they had in August and Septem- ber, the same five states accounted for nearly half of all completed foreclosures during the 12-month period ending October 31, 2014, CoreLogic reported. Florida (118,000), Michigan (45,000), Texas (36,000), California (29,000), and Georgia (28,000) combined accounted for ap- proximately 256,000 foreclosure completions for the 12-month period, or 45.6 percent of the nearly 561,000 completed foreclosures na- tionwide for that period, CoreLogic reported. Florida is the only one of those five states that is judicial, meaning the foreclosure process has to pass through the courts to be complete. e lowest totals of completed foreclo- sures for the 12-month period ending October 31, 2014, were in South Dakota (59), Wash- ington, D.C. (70), North Dakota (257), West Virginia (515), and Wyoming (574), Core- Logic reported. Overall nationwide, the number of com- pleted foreclosures for the month of October plummeted 26.4 percent year-over-year and 34.1 percent month-over-month, according to CoreLogic. United Wholesale Mortgage Announces Launch of Investor Edge Program Michigan-based United Wholesale Mortgage (UWM), one of the nation's fastest-growing wholesale lenders, announced the rollout of its newest product: Investor Edge, an offering designed specifically for borrowers seeking to purchase or refinance non-owner-occupied investment properties. According to a company release, the Investor Edge program provides UWM's broker partners with the opportunity to ex- pand their businesses by catering to the niche segment of borrowers looking for homes to invest in. "e last few years, residential investment