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» VISIT US ONLINE @ DSNEWS.COM 87 South Carolina RANK: 21 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.91% 1.62% 6 YEAR AGO 2.31% 1.89% 6.5 YEAR-OVER-YEAR CHANGE -17.3% -14.4% -0.5 Top County DILLON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 4.90% 3.64% YEAR AGO 5.96% 4.96% YEAR-OVER-YEAR CHANGE -17.9% -26.6% Top Core-Based Statistical Area ORANGEBURG, SC 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 4.67% 2.80% YEAR AGO 4.79% 3.28% YEAR-OVER-YEAR CHANGE -2.6% -14.5% 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 July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Tennessee RANK: 37 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 2.69% 0.78% 5.7 YEAR AGO 3.18% 0.93% 6.6 YEAR-OVER-YEAR CHANGE -15.6% -16.5% -0.9 Top County HARDEMAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 6.52% 1.52% YEAR AGO 8.47% 1.50% YEAR-OVER-YEAR CHANGE -23.0% 1.2% Top Core-Based Statistical Area DAYTON, TN 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 3.68% 1.48% YEAR AGO 4.59% 1.25% YEAR-OVER-YEAR CHANGE -19.8% 18.5% 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 July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Tennessee District Court Affirms Legality of MERS' Role in a Securitized Mortgage MERSCORP Holdings won another victory in court when the U.S. District Court for the Middle District of Tennessee Nashville Division dismissed a lawsuit that challenged MERS' role in a deed of trust in Tennessee, according to an announcement from MERS. In the case of Johnson v. Broker Solutions, Inc., plaintiffs identified 11 causes of action in attacking the securitization of their mortgage loans and argued that MERS cannot be a real party in interest in a securitized mortgage. e plaintiffs relied on a third party "property securitization analysis report" as the basis for their allegations. U.S. Magistrate Judge John S. Bryant denied the plaintiffs' assertion of MERS' role in the securitized mortgage, citing the case of Dauenhauer v. Bank N.Y. Mellon. e ruling in that case stated that "[c]ourts nationally, including Tennessee's, have consistently ap- proved MERS' role in loans when designated as the nominee and beneficiary under a deed of trust." Bryant ruled that "the role of MERS was valid" because the plaintiffs' deed of trust named MERS as nominee and beneficiary, according to the MERS announcement. "We are pleased that the district court relied on case law that has consistently upheld MERS' role as nominee and beneficiary under a deed of trust," MERSCORP Holdings VP for Corpo- rate Communications Janis Smith said. Bryant also cited a "flood of cases" in which courts ruled in MERS' favor amid similar claims from plaintiffs involving "certified forensic audit" or "property securitization analysis reports." One of those cases was decided earlier in August, Renfroe v. Flagstar Bank. In that case, the U.S. District Court for the Western District of Tennessee found that Renfroe's complaint had been copied verbatim from a generic online complaint and affirmed MERS' role as nominee and beneficiary of the deed of trust. Judge Todd J. Campbell, after adopting Bryan's report and recommendation, dismissed the case on August 11. In early August, MERSCORP was award- ed a victory in U.S. Court of Appeals for the ird Circuit, which ruled that MERSCORP was not duty-bound by the Pennsylvania re- cording statute to record all land conveyances. Texas RANK: 42 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.97% 0.61% 4.1 YEAR AGO 2.14% 0.74% 4.9 YEAR-OVER-YEAR CHANGE -7.9% -17.6% -0.8 Top County FREESTONE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 1.35% 1.89% YEAR AGO 1.74% 1.75% YEAR-OVER-YEAR CHANGE -22.5% 7.8% Top Core-Based Statistical Area MARSHALL, TX 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 2.59% 1.40% YEAR AGO 3.26% 1.41% YEAR-OVER-YEAR CHANGE -20.6% -0.8% 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 July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 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