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Colorado rank: 46 90+ Day 1.80% 1.99% -9.49% 90+ Day 1.72% year ago 0.91% percent point change 88.32% 51.07% Top Core-Based Statistical Area GRAND JUNCTION, CO 90+ Day 2.38% year ago 2.63% percent point change -9.76% -8.82% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 2.45% Delinquency Rate july 2012 2.24% Foreclosure Rate 1.94% Delinquency Rate Foreclosure Rate july 2012 1.54% year ago 1.76% percent point change -12.73% Top County HUERFANO COUNTY Delinquency Rate july 2012 2.93% Foreclosure Rate Unemployment Rate 8.3% 8.3% 0.0% REMAX.com, a site which features nearly 650,000 property listings in 31 languages and 30 currencies. In 10 months, the site has seen more than 1.3 million unique visitors, 25 percent of which were from China. During the next several months, RE/ The company also operates Global. MAX's global franchise team will train the new owners in China on the RE/MAX system and help them establish the Beijing operational headquarters. The first RE/ MAX offices in China are expected to open in the first quarter of 2013. Mortgage Cadence Hosts Webinar on CFPB Disclosure Proposals webinar on August 22, welcoming 275 participants to discuss the Consumer Financial Protection Bureau's (CFPB) proposed changes to mortgage disclosures. CFPB proposes to replace the Truth in Mortgage Cadence LLC hosted a which employ a financial services data model to deliver workflow automation tools to mortgage banks, lenders, credit unions, service providers, and servicers. Colorado Foreclosure Filings Up, Sales Down in July year-over-year in July, while foreclosure sales dropped, according to a report from the Colorado Division of Housing. Foreclosure filings, which represent the In Colorado, foreclosure filings rose beginning of the foreclosure process in the state, spiked 14 percent in July, totaling 1,976. That's up from 1,733 during the same month a year ago. Foreclosure sales, which represent the completion of the foreclosure process, fell 23.7 percent to 865, compared to 1,134 a year ear- lier. The drop in July puts Colorado foreclo- sure sales at their lowest level in six years. Month-over-month, filings were down IN THE NEWS RE/MAX Expands into China national presence. The company announced in late August that it has completed the sale of franchise rights in China, which raises RE/MAX's country count to more than 85. The new RE/MAX China ownership RE/MAX continues to expand its inter- Lending Act (TILA) early disclosure and HUD's Good Faith Estimate (GFE) created under the Real Estate Settlement Procedures Act (RESPA) with a single document the agency says is designed to do away with unnecessary paperwork and give consumers a more straightforward lending experience. CFPB's new form is simply called the Loan Estimate. The bureau also proposes to combine 15 percent, while foreclosure sales declined 12 percent. The state's report also noted that during the first seven months of this year, foreclosure filings were up 4.9 percent from 14,256 in 2011 to 14,954 in 2012. During the same period, foreclosure sales were down 28.0 percent from 10,005 to 7,200. According to the Colorado Division of group is based in Hong Kong and has extensive experience in real estate, banking, financing, and franchising, RE/MAX said. So far, RE/MAX has also opened doors into Morocco, Thailand, and the Philippines this year. In the first half of 2012, the company transacted 300 franchise sales worldwide. "We've been looking for the right leader- the final TILA disclosure document and RESPA's HUD-1 Settlement Statement which are provided to borrowers at closing. CFPB's new, single form is identified as the Closing Disclosure. "These proposals, borne of Dodd-Frank in Housing, foreclosure filings tend to peak late in the first quarter and early in the second quarter—a trend likely due to households defaulting on mortgages after the holidays. Foreclosure sales have shown a different an effort to help consumers better understand the debt that finances their home, are the most significant changes that the mortgage lending industry has faced in decades," said John Levonick, chief legal officer at Mortgage Cadence and host of the company's webinar. "Lenders have to stay informed on today's ship team to match the outstanding caliber of our other international franchise owners and we now have that team," said Vinnie Tracey, RE/MAX president. "This group has the ex- perience and commitment to make RE/MAX a success in China and to bring the profession- alism and quality customer service associated with RE/MAX to the Chinese people." 86 constantly and broadly changing regula- tions," added Mortgage Cadence CEO Mike Detwiler. "We take our commitment to educating our customers and ensuring their compliance very seriously." The company plans to host more webinars as proposals for federal reforms unfold. Denver-based Mortgage Cadence is a provider of enterprise lending solutions, pattern and tend to peak in both January and February and during summer and early fall. State officials say this likely occurs because the speed at which foreclosures are processed picks up after the holiday season. The increases in sales found during the summer and early autumn months, they say, likely reflect the increased number of filings that occur during March and April; as these filings move through the system, they show up as sales at auction several months later. KNOW THIS Short sales outpaced REO sales 3,505 to 2,611 in Colorado in Q2, RealtyTrac reports.

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