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» VISIT US ONLINE @ DSNEWS.COM 91 IN THE NEWS Freddie Mac Announces Extensions of State Foreclosure Timelines in 34 Jurisdictions Freddie Mac has announced that as part of the periodic review, state foreclosure timelines have been extended in 34 of 55 jurisdictions for all foreclosure sales completed on or after August 1, 2015. e temporary suspension of state foreclo- sure timeline compensatory fee assessments in the District of Columbia, New York (includ- ing New York City), and New Jersey has been extended from June 30, 2015, to December 31, 2015, according to Freddie Mac. e Enterprise originally announced the temporary suspension in the Single-Family Seller/Servicer Guide Bulletin 2014-19. e temporary suspension and the extended foreclosure timelines recently announced will be discussed in Freddie Mac's October 2015 Guide Bulletin. Freddie Mac extended state foreclosure timelines as follows as part of the periodic review. by Montana, Hawaii, Alaska, and Texas. Only 14 states had a higher negative equity share than the national average in Q2, which was 8.7 percent, according to CoreLogic. e nationwide equity share for Q2 was 91.3 percent. Out of the top five metros (taken from the largest 25 metros in the nation) with the high- est share of homes with equity, two of them were located in Texas. e metro area with the highest share of homes with equity was Hous- ton, with 98.1 percent, followed by Portland, Anaheim, Dallas, and Denver. e metro area with the highest share of residential homes with negative equity was Tampa, with 20.2 percent, followed by Phoenix, Chicago, Riverside, and Warren (Michigan), according to CoreLogic. e 4.4 million properties with negative equity represented about 10.9 percent of all residential mortgages nationwide (50.2 mil- lion), according to CoreLogic. It was a decline of about 1 million properties from the same quarter in 2014. New Mexico RANK: 8 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.53% 2.34% 6.7 YEAR AGO 1.84% 2.26% 6.4 YEAR-OVER-YEAR CHANGE -16.8% 3.4% 0.3 Top County TORRANCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 1.13% 5.76% YEAR AGO 2.53% 5.34% YEAR-OVER-YEAR CHANGE -55.5% 8.0% Top Core-Based Statistical Area ESPA√±OLA, NM 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 3.43% 3.43% YEAR AGO 2.99% 3.47% YEAR-OVER-YEAR CHANGE 14.6% -1.1% 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 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. Oregon RANK: 22 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.25% 1.50% 6.1 YEAR AGO 1.64% 1.99% 6.9 YEAR-OVER-YEAR CHANGE -23.5% -24.8% -0.8 Top County MORROW COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 1.88% 3.17% YEAR AGO 2.51% 2.09% YEAR-OVER-YEAR CHANGE -25.3% 51.6% Top Core-Based Statistical Area KLAMATH FALLS, OR 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 1.72% 3.16% YEAR AGO 2.20% 3.22% YEAR-OVER-YEAR CHANGE -21.7% -2.1% 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 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. Utah RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.49% 0.59% 3.7 YEAR AGO 1.89% 0.80% 3.7 YEAR-OVER-YEAR CHANGE -21.4% -26.6% 0 Top County EMERY COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 2.24% 1.38% YEAR AGO 1.98% 1.86% YEAR-OVER-YEAR CHANGE 13.2% -25.7% Top Core-Based Statistical Area PRICE, UT 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 1.84% 1.29% YEAR AGO 3.03% 1.34% YEAR-OVER-YEAR CHANGE -39.3% -3.7% 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. Washington RANK: 24 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 1.37% 1.45% 5.3 YEAR AGO 1.98% 1.58% 6.2 YEAR-OVER-YEAR CHANGE -31.0% -8.4% -0.9 Top County GRAYS HARBOR COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 2.05% 3.07% YEAR AGO 3.08% 2.52% YEAR-OVER-YEAR CHANGE -33.4% 21.8% Top Core-Based Statistical Area ABERDEEN, WA 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 2.05% 3.07% YEAR AGO 3.08% 2.52% YEAR-OVER-YEAR CHANGE -33.4% 21.8% 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. Nevada had the highest percentage of residential mortgage properties with negative equity as of the end of Q2 with 20.6 percent, according to CoreLogic. KNOW THIS