DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/85814
VISIT US ONLINE @ DSNEWS.COM Nebraska rank: 48 90+ Day 1.65% 1.67% -1.23% 90+ Day 2.59% year ago 2.30% percent point change 12.61% 27.19% Top Core-Based Statistical Area SIOUX CITY, IA-NE-SD 90+ Day 0.78% year ago 0.97% percent point change -19.25% 50.32% 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. 1.56% Delinquency Rate july 2012 2.34% Foreclosure Rate 3.22% Delinquency Rate Foreclosure Rate july 2012 1.25% year ago 1.36% percent point change -7.90% Top County BURT COUNTY Delinquency Rate july 2012 4.09% Foreclosure Rate Unemployment Rate 4.0% 4.5% -11.1% IN THE NEWS Nevada Legislative Committee Green- Lights AG's Plan for Foreclosure Hotline Finance Committee passed an $11.7 million proposal to address mortgage fraud and the state's foreclosure crisis, Attorney General Catherine Cortez Masto announced in late August. The proposal outlines the first part of a The Nevada Legislature's Interim New Jersey rank: 2 90+ Day 4.61% 3.26% 41.42% 90+ Day 6.37% year ago 4.56% percent point change 39.68% three-year, estimated $33.5 million program that uses a portion of Nevada's share of the national mortgage settlement to help struggling homeowners. One initial project of the program is to set up a dedicated foreclosure help hotline and call center to route callers to trained housing counselors for assistance. "Nevada has been devastated by the 1.73% Top Core-Based Statistical Area ATLANTIC CITY, NJ 90+ Day 6.30% year ago 4.48% percent point change 40.75% Nevada rank: 7 90+ Day 7.03% 6.50% 8.12% 90+ Day 5.93% year ago 5.23% percent point change 13.46% -8.60% Top Core-Based Statistical Area LAS VEGAS-PARADISE, NV 90+ Day 8.03% year ago 7.44% percent point change 7.93% -25.93% 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. 8.35% Delinquency Rate july 2012 6.18% Foreclosure Rate 7.66% Delinquency Rate Foreclosure Rate july 2012 5.66% year ago 7.52% percent point change -24.68% Top County NYE COUNTY Delinquency Rate july 2012 7.01% Foreclosure Rate Unemployment Rate 12.0% 13.8% -13.0% mortgage fraud and foreclosure crisis," Masto said. "The Nevada Attorney General's National Mortgage Settlement Plan will offer much-needed help for families in the Silver State by investing in broad-scale state- wide initiatives, essentially a one-stop-shop, which will assist distressed borrowers free of charge." Masto's office is working with HUD housing counseling agencies, community stakeholders, elected officials, and a number of state legal service providers and guidance centers to develop and implement additional plans for the settlement funds. The legislative committee passed funding 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 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. 9.86% Delinquency Rate july 2012 10.45% Foreclosure Rate 12.18% Delinquency Rate Foreclosure Rate july 2012 7.62% year ago 7.30% percent point change 4.41% Top County ESSEX COUNTY Delinquency Rate july 2012 12.39% Unemployment Rate 9.8% 9.4% 4.3% Foreclosure Rate New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net for the first year of Masto's three-year program. In the next legislative session, Masto will request a review of the program to see if changes are necessary and to continue funding based on need. Other goals of the program include: Enhancing counseling agency services and efforts to provide financial literacy programs; strengthening legal aid to assist homeowner foreclosure mediation efforts; and supporting law enforcement efforts to investigate, prosecute, and prevent financial fraud or unfair or deceptive practices. For now, the attorney general expects the www.HomeAllianceRealty.com www.LisaLopezProperties.com IN THE NEWS Long & Foster Real Estate Expands in New Jersey Market help hotline to serve as a good first step. "This call center will serve as a hotline to help and hope," Masto said. step toward building its presence in the New Jersey market with the opening of an office in Colts Neck in late August. Real estate veterans William Kilbride Long & Foster Real Estate, Inc. took a and Salvatore Cagnina will operate the new office, which will be supported by Paul 99