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88 Arizona RANK: 45 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 1.12% 0.60% 6 YEAR AGO 1.44% 0.65% 6.9 YEAR-OVER-YEAR CHANGE -22.4% -7.9% -0.9 Top County GRAHAM COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.87% 1.36% YEAR AGO 2.03% 1.01% YEAR-OVER-YEAR CHANGE -8.0% 34.5% Top Core-Based Statistical Area SAFFORD, AZ 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.87% 1.36% YEAR AGO 2.03% 1.01% YEAR-OVER-YEAR CHANGE -8.0% 34.5% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. California RANK: 48 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 1.14% 0.54% 6.3 YEAR AGO 1.59% 0.74% 7.8 YEAR-OVER-YEAR CHANGE -28.0% -26.4% -1.5 Top County DEL NORTE COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.81% 2.31% YEAR AGO 2.60% 1.48% YEAR-OVER-YEAR CHANGE -30.3% 56.1% Top Core-Based Statistical Area CRESCENT CITY, CA 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.81% 2.31% YEAR AGO 2.60% 1.48% YEAR-OVER-YEAR CHANGE -30.3% 56.1% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims e U.S. Department of Justice and the Consumer Financial Protection Bureau (CFPB) have reached a settlement resolving allegations of discriminatory lending based on race on the part of California-based Provident Funding Associates, according to a joint announcement from the two government agencies. e settlement, filed in conjunction with the agencies' complaint in the U.S. District Court for the Northern District of California, is subject to court approval. e complaint accuses Provident of violating the Fair Housing Act by charging thousands of African-American and Hispanic borrowers higher fees based on their race or national origin rather than on borrower risk. "Consumers should never be charged higher fees because of their race or national origin," said Consumer Financial Protection Bureau Director Richard Cordray. "We will continue to root out illegal and discriminatory lending practices in the marketplace. I look forward to working closely with our partners at the Department of Justice to ensure consumers are treated fairly." e suit resulted from a 2011 referral by the Federal Trade Commission to the Justice Department's Civil Rights Division. e CFPB joined the investigation in 2012. According to the announcement, Provident fully cooperated with the investigation and agreed to settle the allegations without contested litigation. "e law is clear: access to mortgage loans may not be made more difficult because of an applicant's race or national origin," said U.S. Attorney Melinda Haag of the Northern Dis- trict of California. "We are glad that Provident has agreed to put an end to this practice without engaging in protracted litigation." e proposed settlement calls for Provident to pay $9 million into a fund for the victims of the alleged discriminatory lending. Payments will be dispersed by an independent administra- tor to borrowers identified by the agencies as victims in the case under the terms of the settle- ment. Provident will pay all expenses related to the use of the independent administrator. Citadel Servicing Begins Using USRES Valuation Services U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, Cali- fornia, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES. CSC is using USRES' BPO services to ensure more accurate valuations. By performing BPOs on CSC's origination loans, USRES can reconcile initial prices generated by completed appraisals. CSC's brokers can directly con- nect with USRES to register and place orders through the CSC website. "An accurate valuation is the foundation of every real estate transaction, and something our clients have confidence that USRES will always deliver," said Keith Guenther, co-founder and CEO of USRES. "Our nearly 25-year track re- cord of success on default side enables us to offer our partners more competitive pricing and turn times than other AMCs, which were major factors during Citadel Servicing Corporation's selection of USRES. Additionally, having our own in-house auditing team comprised of licensed appraisers is one element that sets USRES apart, giving our clients assurance that they will receive exceptional service and consis- tent, precise valuations the first time." Headquartered in Irvine, California, CSC specializes in non-prime loans on both owner- occupied and non-owner-occupied residential properties. USRES maintains its own in-house staff of licensed appraisers, the only BPO provider to do so. e staff audits every order for content and accuracy. In addition, a network of carefully selected, licensed appraisers supports both origination and default appraisal services for USRES. "We are excited to expand our breadth of AMC partners and look forward to this new partnership with USRES," said Daniel Perl, CEO of Citadel Servicing Corporation. Judge Dismisses Class Action Racketeering Suit Against Ocwen Ocwen Financial Corp. won a victory in a Los Angeles court when a federal judge dis- missed a class action lawsuit against the servicer

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