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» VISIT US ONLINE @ DSNEWS.COM 91 Colorado RANK: 50 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.05% 0.52% 4 YEAR AGO 1.45% 0.64% 6.2 YEAR-OVER-YEAR CHANGE -27.4% -19.2% -2.2 Top County LAS ANIMAS COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.71% 2.54% YEAR AGO 1.86% 2.69% YEAR-OVER-YEAR CHANGE 45.8% -5.4% Top Core-Based Statistical Area FORT MORGAN, CO 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.70% 1.53% YEAR AGO 2.42% 1.16% YEAR-OVER-YEAR CHANGE -29.7% 31.5% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Titan Lenders Corp. Reports Major 2014 Growth In Denver, Titan Lenders Corp., a firm specializing in mortgage services, closed the book on one of its best years yet, according to an announcement. Adding up its results for 2014, Titan reported an overall 71 percent increase in revenue over the year prior, thanks in part to a 15 percent increase in its services client base and significant growth in compliance support (up 278 percent year-on-year), MERS audit services (up 115 percent), and whole loan purchase review (up 54 percent). "In 2014, Titan Lenders Corp. experi- enced a shift in the demand for its services from lender-focused back-office support to quality assurance-related activities for inves- tors and servicers," Titan CEO Mary Kladde said. "Despite the poor performance of our retail general fulfillment division, Titan had an extremely successful year as a company, and with our renewed focus on servicers, warehouse lenders, and investors, 2015 should prove to be equally as lucrative, if not more." Another major contributor to Titan's growth in 2014 was its jumbo correspon- dent investment subsidiary, Titan Capital Solutions (TCS), which saw its number of approved sellers rise by 60 percent over 2013 and the number of loans purchased surge by 461 percent. e total value of loans purchased by TCS increased 409 percent, while the total value of locks issued in 2014 increased 485 percent, the company added. "2014 was a tremendous year of growth for Titan Capital Solutions," Titan EVP Ruth Lee said. "ere is an established appetite in the market for jumbo origination, and as TCS enters 2015, it is with an eye towards expansion beyond jumbo to other products where supply may not meet demand. Titan's mission in 2015 is building our product base, expanding our quality control channels, and offering an outlet for scratch and dent." e company recently began purchasing certain investor-rejected loans. In addition to its already existing jumbo loan purchase program, TCS says it is now ready to buy up certain "scratch and dent" mortgages that have been rejected by the GSEs and private investors due to data, docu- ment, and compliance errors. With agencies and investors becoming more selective in their purchase of loans, TCS says it sees an opportunity for growth with loans that fall just short of investor criteria but are otherwise sound. "Historically, 'scratch and dent' referred to loans with egregious errors in underwrit- ing or compliance," said Mary Kladde, CEO of TCS. "Now we're seeing the GSEs issue repurchase demands on performing loans due to minor flaws in origination, such as bad comparable selections. ese performing problem loans provide a significant window of opportunity for TCS to expand." Eligible performing problem loans include conventional, jumbo, agency-ineligible, and non-qualified mortgage loans, TCS said. Banks, lenders, or investors seeking to liquidate those loans from their portfolios can send an email to Bids@TitanCapitalSolu- tions.com. "Based on our operational success across the mortgage acquisitions market, we are confident TCS will provide a compelling and aggressive source of liquidity for these loans," Kladde said. Hawaii RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.96% 3.66% 4 YEAR AGO 2.10% 5.13% 4.7 YEAR-OVER-YEAR CHANGE -6.3% -28.6% -0.7 Top County HAWAII COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.40% 6.43% YEAR AGO 2.38% 9.13% YEAR-OVER-YEAR CHANGE 0.9% -29.6% Top Core-Based Statistical Area HILO, HI 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.40% 6.43% YEAR AGO 2.38% 9.13% YEAR-OVER-YEAR CHANGE 0.9% -29.6% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Idaho RANK: 30 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.23% 1.11% 3.7 YEAR AGO 1.44% 1.82% 5.6 YEAR-OVER-YEAR CHANGE -14.3% -38.6% -1.9 Top County GEM COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.38% 2.74% YEAR AGO 1.94% 2.66% YEAR-OVER-YEAR CHANGE -28.8% 3.0% Top Core-Based Statistical Area BURLEY, ID 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.92% 2.12% YEAR AGO 1.83% 3.40% YEAR-OVER-YEAR CHANGE 5.2% -37.5% 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 November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.

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