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82 North Dakota RANK: 50 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 0.47% 0.49% 2.9 YEAR AGO 0.47% 0.62% 2.7 YEAR-OVER-YEAR CHANGE -0.8% -21.0% 0.2 Top County WARD COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 0.56% 0.84% YEAR AGO 0.55% 0.73% YEAR-OVER-YEAR CHANGE 1.3% 15.2% Top Core-Based Statistical Area MINOT, ND 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 0.57% 0.80% YEAR AGO 0.53% 0.70% YEAR-OVER-YEAR CHANGE 7.6% 14.1% 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 August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Ohio RANK: 22 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 1.90% 1.63% 4.7 YEAR AGO 2.53% 1.95% 5.4 YEAR-OVER-YEAR CHANGE -24.7% -16.1% -0.7 Top County CRAWFORD COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 2.60% 3.58% YEAR AGO 3.15% 3.07% YEAR-OVER-YEAR CHANGE -17.5% 16.8% Top Core-Based Statistical Area BUCYRUS, OH 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 2.60% 3.58% YEAR AGO 3.15% 3.07% YEAR-OVER-YEAR CHANGE -17.5% 16.8% 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 August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. South Dakota RANK: 40 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 0.74% 0.72% 3.7 YEAR AGO 0.90% 0.71% 3.3 YEAR-OVER-YEAR CHANGE -17.9% 1.8% 0.4 Top County CLAY COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 0.81% 1.42% YEAR AGO 0.75% 2.25% YEAR-OVER-YEAR CHANGE 8.1% -37.0% Top Core-Based Statistical Area VERMILLION, SD 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 0.81% 1.42% YEAR AGO 0.75% 2.25% YEAR-OVER-YEAR CHANGE 8.1% -37.0% 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 August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Wisconsin RANK: 28 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 1.59% 1.26% 4.5 YEAR AGO 2.18% 1.37% 5.3 YEAR-OVER-YEAR CHANGE -26.9% -8.0% -0.8 Top County ASHLAND COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 1.30% 2.79% YEAR AGO 2.17% 2.11% YEAR-OVER-YEAR CHANGE -40.3% 32.1% Top Core-Based Statistical Area MENOMONIE, WI 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 1.71% 2.02% YEAR AGO 3.26% 1.07% YEAR-OVER-YEAR CHANGE -47.4% 89.6% 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 August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS KBW lifts MGIC to Outperform, Delinquent Loan Inventory Drops 56 Percent in 3 Years Insurer MGIC, which provides mortgage insurance through its principal subsidiary Mortgage Guaranty Insurance Corp., saw its stock rise 2 percent in morning trading af- ter Keefe, Bruyette & Woods analysts gave the company a vote of confidence in a new report. KBW raised MGIC to "outperform" from market perform. "We are increasing our price target to $11.50 from $11, the KBW report stated. "e slightly lower 2015 estimates better incorporate the recent changes in the company's reinsurance contract. Our higher longer-term estimates reflect lower losses and a reduction in debt. We expect the mortgage insurers to continue to benefit from an improving home purchase market and strong mortgage credit trends," KBW added. e rise came despite KBW's own admis- sion that "mortgage insurers have been weak over the past two months." Still, MGIC stands to benefit from the ongoing expectations that mortgage insurance will be relied upon to pick up some of the risk in mortgage transactions – not to mention the fact that defaults or late payments have decreased substantially. For MGIC, three years appears to have made a great difference. In 2012, MGIC reported $2.2 billion in newly written contracts and 148,885 delinquent loans in its inventory by the end of September, company reports show. Fast-forward to 2015, and in the same month, the insurer increased its new contracts to $3.9 billion, and only 64,642 loans received a 'delinquent' classification—a 56 percent drop when compared to 2012. is is partly due to improved underwrit- ing, which is benefiting the risk profiles of insurers. "e other positive in the mortgage market is the very strong underwriting standards on the GSE loans," the KBW analysts wrote. "We believe that this will keep loss ratios well below normalized levels for the foreseeable future. We continue to expect the mortgage insurers to benefit from the on-going growth in the purchase mortgage market and from the increase in credit availability through the