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VISIT US ONLINE @ DSNEWS.COM IN THE NEWS Tenth Circuit Court of Appeals Rejects Claims Against MERS Circuit Court of Appeals affirmed the August 31, 2011, dismissal of a plaintiff's wrongful foreclosure complaint against Mortgage Electronic Registration Systems, Inc., (MERS) and four other defendants. The territorial jurisdiction of the 10th A three-judge panel of the 10th U.S. Vermont rank: 17 90+ Day 1.68% 1.55% 8.69% 90+ Day 2.85% Circuit includes the six states of Utah, Oklahoma, Kansas, New Mexico, Colorado, and Wyoming, plus those portions of the Yellowstone National Park extending into Montana and Idaho. The panel rejected the plaintiff's claims year ago 2.29% percent point change 24.41% 32.17% Top Core-Based Statistical Area BURLINGTON-SOUTH BURLINGTON, VT 90+ Day that a Utah code stating, "The transfer of any debt secured by a trust deed shall operate as a transfer of the security," should be interpreted to mean the defendants had no right in the note, the deed of trust, or the property. "As the panel has demonstrated, MERS has legal authority to act on behalf of the lender, including the right to execute the assignment or foreclose," commented Janis Smith, Merscorp's VP of corporate commu- nications. Utah 1.40% year ago 1.24% percent point change 12.44% 20.09% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 2.27% Delinquency Rate june 2012 2.72% Foreclosure Rate 4.55% Delinquency Rate Foreclosure Rate june 2012 3.79% year ago 3.22% percent point change 17.72% Top County CALEDONIA COUNTY Delinquency Rate june 2012 6.01% Unemployment Rate 4.7% 5.6% -16.1% Foreclosure Rate IN THE NEWS Freddie Mac Doesn't Need Treasury Draw After Q2 Profit Freddie Mac had a positive net worth of $1.1 billion and reported it will not require a draw from Treasury for the quarter. The GSE said its comprehensive income for the April- to-June period was $2.9 billion. About $1.8 billion was paid to Treasury as dividends on preferred stock. Freddie Mac's net income improved to As of the end of the second quarter, $3.0 billion, a notable jump from $577 million in the first quarter. The increase "primarily reflects a decline in the provision for credit losses due to positive trends in the housing market," Freddie Mac said. Since 2009, Freddie Mac has assisted Virginia rank: 44 90+ Day 2.24% 2.30% Sterling Castle Realty, Inc Sterling Barton, Broker 801-692-1080 sbarton@sterlingcastlerealty.com -2.82% 90+ Day 1.26% year ago 2.15% percent point change -41.56% Percentage of borrowers in Utah who owe more on the mortgage than their home is now worth. Source: CoreLogic 21.2% STAT INSIGHT 13.19% Top Core-Based Statistical Area WINCHESTER, VA-WV 90+ Day 2.13% year ago 2.36% percent point change -9.67% -6.39% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 2.43% Delinquency Rate june 2012 2.27% Foreclosure Rate KNOW THIS Barclays projects Virginia home prices to rise just 1.7% in 2012 and 1.0% in 2013. 139 3.74% Delinquency Rate Foreclosure Rate june 2012 1.65% year ago 1.84% percent point change -10.20% Top County GRAYSON COUNTY Delinquency Rate june 2012 4.23% Unemployment Rate 5.7% 6.3% -9.5% Foreclosure Rate in providing refinances to about 5.2 million families, helping them save an average of $2,500 per year. Freddie Mac has reached more than 680,000 families through the government's Home Affordable Refinance Program (HARP). The GSE helped about 200,000 families through HARP in the first half of this year alone. The GSE also reports preventing 700,000 foreclosures since 2009, about 81,000 during the first and second quarters of this year. Freddie Mac's serious delinquency rate among its single-family book of business stood at 3.45 percent as of the end of June. NAFCU Retains Genworth Mortgage Insurance as Preferred Partner headquartered in Richmond, Virginia, was Genworth Mortgage Insurance,

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