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84 IN THE NEWS Wells Fargo Closing Servicing Facility, Laying Off 1,000 Employees Shifting customer needs and market dy- namics have prompted Wells Fargo to close its servicing site in Milwaukee, Wisconsin, thus reducing the bank's workforce by 1,000, according to a statement from Wells Fargo. Wells Fargo cited the improving economy in the last two years along with steady declines in delinquencies and fewer borrowers in need of mitigation options to avoid fore- closure as contributing factors to the closing of the Milwaukee office. e bank said the closing will be effective in late July. "Any decision to reduce our workforce is difficult and made with great concern for the team members who are affected," Wells Fargo spokesman Tom Goyda said. "We made this announcement today so our team members will have several months to plan for this change. e team members affected by these changes have each been an essential part of our success. We will do everything we can to make them aware of other job opportunities within Wells Fargo and sup- port them as they consider the next phase of their careers. In the meantime, we remain committed to helping customers purchase or refinance their homes and offering solutions for borrowers with financial hardship who need assistance." e San Francisco-based megabank said that the closing of the Milwaukee office will have no impact on its banking stores and other lines of business such as business and commercial banking or the wealth manage- ment and brokerage operations serving the bank's customers in Milwaukee. Wells Fargo has about 265,000 employees, including about 48,000 in the bank's home lending business. Alabama RANK: 31 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 3.34% 1.07% 5.8 YEAR AGO 3.67% 1.28% 7.2 YEAR-OVER-YEAR CHANGE -9.0% -16.4% -1.4 Top County COOSA COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 3.93% 2.68% YEAR AGO 4.42% 2.07% YEAR-OVER-YEAR CHANGE -11.0% 29.2% Top Core-Based Statistical Area 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 3.05% 1.71% YEAR AGO 3.63% 1.78% YEAR-OVER-YEAR CHANGE -16.1% -3.6% MOBILE, AL 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Arkansas RANK: 26 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 3.10% 1.35% 5.5 YEAR AGO 3.47% 1.65% 6.5 YEAR-OVER-YEAR CHANGE -10.6% -17.8% -1 Top County MISSISSIPPI COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 5.16% 3.49% YEAR AGO 4.70% 3.11% YEAR-OVER-YEAR CHANGE 9.8% 12.2% Top Core-Based Statistical Area BLYTHEVILLE, AR 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 5.16% 3.49% YEAR AGO 4.70% 3.11% YEAR-OVER-YEAR CHANGE 9.8% 12.2% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida RANK: 4 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 2.84% 3.40% 5.6 YEAR AGO 3.10% 6.47% 6.5 YEAR-OVER-YEAR CHANGE -8.2% -47.4% -0.9 Top County HOLMES COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 4.09% 7.59% YEAR AGO 3.29% 9.83% YEAR-OVER-YEAR CHANGE 24.4% -22.8% Top Core-Based Statistical Area WAUCHULA, FL 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 5.06% 6.91% YEAR AGO 4.03% 8.56% YEAR-OVER-YEAR CHANGE 25.5% -19.3% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida Adriana M Montes, MBA Florida Dreams Realty Group adriana@FloridaDreamsRealty.com Cell 321 689 6258 www.fl oridadreamsrealty.com MEMBER Wisconsin had a serious delinquency rate of 2.5 percent in February, well below the national average for the month of 4.0 percent, according to CoreLogic. KNOW THIS The number of cumulative bankruptcy filings in Florida for the first three months of 2015, which ranks it third behind California and Illinois. Source: AACER bankruptcy data reported by Epiq Systems. STAT INSIGHT 14,361