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90 CoreLogic Offers Solution to assist with SCRA Compliance In order to help mortgage servicers comply with the Servicemembers Civil Relief Act (SCRA), Irvine, California-based data and analytics firm CoreLogic introduced a comprehensive suite of solutions. CoreLogic's announcement came just two weeks after five of the nation's largest mortgage servicers—JPMorgan Chase, Citi, Wells Fargo, GMAC Mortgage, and BAC Home Loans Servicing—were penalized a combined $123 million by the U.S. Depart- ment of Justice over non-judicial foreclosures that violated the SCRA. President Obama announced an agree- ment in August 2014 between the White House and major mortgage servicers in which the servicers agreed to identify proactively and reach out to active-duty service members and inform them of the benefits available to them. CoreLogic's new SCRA Compli- ance Products will help servicers identify and validate active-duty service members; notify, track, and report on benefits available to them; and prepare for audits and other customized services, according to CoreLogic. Servicers agreed to search their portfolios for active service members once per quarter, according to the August 2014 agreement. CoreLogic offers Verification of Military Status (VOMS); VOMS searches the U.S. Department of Defense database to verify required SCRA information such as active- duty periods, date of discharge if applicable, and future call-up to active duty notification. Once a client has been identified as an active-duty service member, CoreLogic's suite of solutions can assist servicers with notifying those service members by using the Solutions Express Document Generation service, which generates notices, sends them to clients, and manages any responses. en, in case the servicer missed or overlooked any active-duty service members in its portfolio, CoreLogic's SCRA Audit Service will help identify them and assist them appropriately. Auction.com Acquires California-Based Technology Solutions Provider Leading online real estate marketplace Auction.com announced a cash-and-stock acquisition of Newport Beach, California- based real estate technology solutions provider Channel, LLC. With the integration of Channel's leading-edge real estate transaction platform, Auction.com will be able to expand its online marketplace to include sales of move-in ready homes through the combination of broker-led deals and the transparency and massive reach of the online auction process. "Channel's domain expertise and proven experience in developing flexible, robust software that provides a reliable foundation for companies to build great products makes the company a welcome addition to the Auc- tion.com family," Auction.com CEO and co-founder Jeff Frieden said. "As we work toward growing our residential business, the ability to enrich our existing technology with a platform developed specifically to appeal to consumer buyers, sellers, and their brokers align with our mission—to make transac- tions easier and more transparent in a trusted online environment." Channel founder and CEO John Nicholas will continue to oversee Channel's operations, which will become a wholly-owned subsid- iary of Auction.com after the transaction is complete. Channel will remain operating in Newport Beach, and its staff members will become employees of Auction.com, which is headquartered in Irvine, California, about 10 miles northeast of Newport Beach. "I'm delighted to join forces with Auction. com," Nicholas said. "We share a common vision—making it easier for everyone to buy and sell properties online—and are thrilled to be part of a company that is the undisputed leader in online real estate sales." Colorado RANK: 50 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.05% 0.51% 4 YEAR AGO 1.39% 0.63% 6.2 YEAR-OVER-YEAR CHANGE -24.5% -20.0% -2.2 Top County LAS ANIMAS COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.63% 2.53% YEAR AGO 2.13% 2.43% YEAR-OVER-YEAR CHANGE 23.8% 3.9% Top Core-Based Statistical Area CRAIG, CO 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.77% 1.46% YEAR AGO 1.77% 1.12% YEAR-OVER-YEAR CHANGE -0.0% 30.5% 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. Hawaii RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.90% 3.68% 4 YEAR AGO 2.14% 4.98% 4.7 YEAR-OVER-YEAR CHANGE -11.4% -26.1% -0.7 Top County HAWAII COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.43% 6.48% YEAR AGO 2.38% 8.96% YEAR-OVER-YEAR CHANGE 1.8% -27.6% Top Core-Based Statistical Area HILO, HI 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.43% 6.48% YEAR AGO 2.38% 8.96% YEAR-OVER-YEAR CHANGE 1.8% -27.6% 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. California's serious delinquency rate for January 2015, which was half the national average of 4.0 percent for the month, despite ranking fourth among states with 30,000 completed foreclosures for the prior 12 month period. Source: CoreLogic STAT INSIGHT 2.0%