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IN THE NEWS FICO and CoreLogic Introduce Predictive Mortgage Credit Score create a consumer credit risk score that is expected to improve how lenders makes decisions and boost the number of mortgage loans made. The new FICO Mortgage Score Powered CoreLogic and FICO joined forces to by CoreLogic evaluates traditional credit data along with supplemental consumer credit data contained in the CoreLogic CoreScore credit report. CoreLogic ex- plained that combining the data allows for a more comprehensive and accurate view of a consumer's credit risk profile for loan prequalification and origination. According to a FICO survey of bank Liberty Law, LLC, was ordered to pay the fine, plus an undetermined amount for legal costs incurred by counsel for MERS and its co-defendants. In Blaylock v. Wells Fargo Bank, Mont- gomery found that "sanctions are warranted because of Butler's repeated attempts to assert the rejected 'show me the note' theory, as well as his baseless quiet title claims and meritless slander of title arguments." Mont- gomery said the $75,000 sanction was further justified against Butler because of "his cruel arousal of unrealistic hope in his clients, all of whom face foreclosure and for whom this is an extremely emotional issue." In her decision, Montgomery wrote, in high demand, serving as a primary communications portal between lenders, mortgage servicers, and borrowers," said John Guzzo, managing director at Berkery, Noyes & Co., LLC, which advised Venture Encoding on the deal. Taylor Corporation provides products and services products and services to various consumer and office supply retailers, as well as many Fortune 1000 companies. KNOW THIS risk professionals, approximately 75 percent of respondents said they expect the level of mortgage delinquencies to increase or stay the same in the near-term, and more than 85 percent hold the same view for home equity loan delinquencies. "The new FICO Mortgage Score is "Butler's insistence on re-litigating losing arguments is staggering, and it comes with a cost, because it multiplies the expense of litigation and monopolizes scarce judicial resources. Moreover, no one, not even Butler, can reasonably or competently believe in the merits of any of these arguments. Butler's persistent filing of frivolous arguments is egregious and merits sanctions." Butler was fined $50,000 in April by designed especially for prequalification and origination and delivers increased insight when it matters most," said Joanne Gaskin, a senior director at FICO. "For many lenders, the increased predictive lift will translate into thousands of new mortgages, and the avoid- ance of millions of dollars in bad loans and associated costs." FICO, a provider of predictive analyt- ics and decision management technology, is headquartered Minneapolis, Minnesota. Santa Ana, California-based CoreLogic provides consumer, financial, and property information, as well as analytics and services to the public and private sectors. Minnesota Attorney Ordered to Pay $75,000 for 'Meritless' Lawsuits ordered a Minnesota-based attorney to pay $75,000 for continuing to file and litigate frivolous lawsuits against Mortgage Electronic Registration Systems, Inc., (MERS). William B. Butler of Butler 126 U.S. District Judge Ann D. Montgomery another federal judge who cited the same offenses. U.S. District Judge Patrick J. Schiltz said Butler was "exploiting [distressed homeowners] financially" by filing "frivolous" lawsuits based on arguments that have clearly been "rejected by the Minnesota Supreme Court, by the United States Court of Appeals for the Eighth Circuit, and by every federal judge sitting in Minnesota who has addressed the argument." Schiltz requested the Minnesota Lawyers Professional Responsibility Board review Butler's conduct. Taylor Corporation Purchases Venture Encoding strategy advisor based in North Mankato, Minnesota, has purchased Fort Worth, Texas-based Venture Encoding, which produces and manages outbound and inbound communications of borrower- related information. The company's Web- enabled solution, VentureAccess, gives clients control of the communications process in a secure and automated environment. "As consumer banking and mortgage Taylor Corporation, a business REOs sold in the Minneapolis-St.Paul area in Q2 spent an average of 89 days on the market compared to 102 days for non- distressed single-family homes, according to HomeValueForecast.com. Mississippi rank: 13 90+ Day 5.16% 5.29% -2.38% 90+ Day 5.22% year ago 5.73% percent point change -8.84% 35.61% Top Core-Based Statistical Area GULFPORT-BILOXI, MS 90+ Day 4.26% year ago 4.50% percent point change -5.40% regulations proliferate, Venture Encoding's integrated communications solutions are 5.96% 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. 4.78% Delinquency Rate june 2012 5.06% Foreclosure Rate 5.40% Delinquency Rate Foreclosure Rate june 2012 4.05% year ago 3.52% percent point change 15.00% Top County STONE COUNTY Delinquency Rate june 2012 7.32% Unemployment Rate 8.8% 10.8% -18.5% Foreclosure Rate

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