DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/501861
88 Knowledge Knowledge Knowledge & Experience & Experience & Experience & Experience & Experience You Can Count On SAN ANTONIO'S #1 HISPANIC REALTOR FOR 2015 Ruben M. Peña TC AUSTIN RESIDENTIAL GROUP, LLC 12950 Country Pkwy Suite 180 San Antonio, TX 78216 210.490.3948 ext. 1002 Offi ce 210.424.0312 Direct 210.710.2612 Cell www.tcaustinres.com Knowledge Knowledge Knowledge & Experience & Experience Knowledge & Experience Knowledge & Experience You Can Count On You Can Count On & Experience You Can Count On & Experience Knowledge IN THE NEWS Free Web-Based Foreclosure Education Course Offered to General Public A new Web-based course that will pro- vide city leaders with strategies to successfully address foreclosures in their cities will be of- fered for free to the general public, according to an announcement from National League of Cities (NLC) and Wells Fargo. e course, titled "Understanding Fore- closure: A City Leader's Guide," was initially launched in 2014 at the Congress of Cities in Austin. NLC is offering the course as part of its NLC University, which is NLC's collabor- ative education and professional development initiative. "e National League of Cities is pleased to offer 'Understanding Foreclosure: A City Leader's Guide' with Wells Fargo for the first time to the general public, free of charge," said Clarence E. Anthony, CEO and executive director of NLC. "e tools in this course provide proven strategies to help city leaders across the nation understand and navigate the intricacies of the foreclosure process. Ultimately, a better understanding of this issue will lead to better outcomes for our communities and their residents." e course is intended to equip city lead- ers with the best information and resources that will allow them to take a proactive stance on foreclosures should their cities experience another mortgage crisis like the one that hit the nation in 2008. "At Wells Fargo, we understand the important role we play in helping our com- munities succeed," said Wells Fargo's Mike Rizer, head of community relations. "is course, developed with the National League of Cities, provides information and strate- gies that will help to improve quality of life in our neighborhoods, and that we hope will ultimately promote long-term economic prosperity." e course features three self-paced modules that inform participants as to the basics of foreclosures and the devastating impact they have on communities. e course includes a series on mortgage basics, such as who is responsible for the care of vacant and abandoned properties, and building strate- gies and partnerships to address foreclosures. Each module features specific learning objec- tives and engagement activities. "is webinar is interactive and easy to follow," Kansas City, Missouri, Mayor Sly James said. "A better understanding of mort- gage processes can improve relations between lenders and residents, help stabilize neighbor- hoods, and improve livability in our city." West Virginia RANK: 29 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 2.44% 1.13% 6.1 YEAR AGO 2.42% 1.26% 6.8 YEAR-OVER-YEAR CHANGE 1.0% -10.4% -0.7 Top County WYOMING COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.84% 2.30% YEAR AGO 3.49% 1.66% YEAR-OVER-YEAR CHANGE -18.7% 38.8% Top Core-Based Statistical Area HUNTINGTON-ASHLAND, WV-KY-OH 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.28% 1.75% YEAR AGO 2.28% 1.27% YEAR-OVER-YEAR CHANGE 0.3% 37.3% 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. Virginia RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.71% 0.60% 4.7 YEAR AGO 1.95% 0.69% 5.3 YEAR-OVER-YEAR CHANGE -12.4% -12.8% -0.6 Top County GRAYSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.41% 3.03% YEAR AGO 2.64% 0.96% YEAR-OVER-YEAR CHANGE -46.7% 215.3% Top Core-Based Statistical Area MARTINSVILLE, VA 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 3.07% 1.76% YEAR AGO 3.15% 1.48% YEAR-OVER-YEAR CHANGE -2.7% 18.8% 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 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. The number of completed foreclosures in Texas for the 12-month period from March 2014 to February 2015, which ranked second among non-judicial foreclosure states (behind only Michigan) and third among all states (behind only Florida and Michigan). Source: CoreLogic STAT INSIGHT 33,554