DS News - Digital Archives

October, 2012

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Hawaii rank: 4 90+ Day 2.57% 3.24% -20.65% 90+ Day 3.27% year ago 4.53% percent point change -27.75% 38.69% Top Core-Based Statistical Area HONOLULU, HI Delinquency Rate 90+ Day july 2012 2.24% year ago 2.60% percent point change -13.80% 40.48% 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. -8.40% 2.96% 4.59% percent point change 1.80% 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. 4.16% 4.20% year ago 7.80% Foreclosure Rate -19.19% 8.45% 3.68% percent point change 4.86% Top Core-Based Statistical Area KANKAKEE-BRADLEY, IL 90+ Day Delinquency Rate july 2012 7.94% Foreclosure Rate Delinquency Rate Foreclosure Rate july 2012 6.42% year ago 4.72% percent point change 36.19% Top County HAWAII COUNTY Delinquency Rate july 2012 11.72% 2.97% year ago 11.09% IN THE NEWS Illinois Sets Aside $4.7M in Settlement Funds for Legal Assistance Idaho rank: 25 90+ Day 2.02% 2.37% -14.62% 90+ Day 1.96% year ago 1.71% percent point change 14.44% -32.42% Top Core-Based Statistical Area BOISE CITY-NAMPA, ID 90+ Day 2.20% year ago 2.85% percent point change -22.74% -2.33% 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. Call 214.525.6700 or visit DSNews.com. 3.02% Delinquency Rate july 2012 2.95% Foreclosure Rate 2.26% Delinquency Rate Foreclosure Rate july 2012 2.84% year ago 2.62% percent point change 8.25% Top County LINCOLN COUNTY Delinquency Rate july 2012 1.53% DS News—keeping you in sync with success. Subscribe today. Foreclosure Rate Unemployment Rate 7.5% 8.9% -15.7% Listen closely to the beat of the industry. funds from the national mortgage settlement to provide free legal assistance for Chicago area homeowners, Illinois Attorney General Lisa Madigan announced in late August. About $4.7 million from the national fore- closure settlement funds will go to the state's Legal Assistance Foundation (LAF). LAF will use the funds to reach out to Illinois has decided to set aside part of its distressed homeowners and provide services to keep struggling owners in their homes. The funds will also help LAF work with the courts to improve the Cook County Foreclosure Mediation Program and support its staff, which includes nearly 20 attorneys and paralegals. "This grant money will translate into real Foreclosure Rate 90+ Day Unemployment Rate 6.4% 6.8% -5.9% Illinois rank: 3 90+ Day 3.15% 3.23% -2.36% Delinquency Rate Foreclosure Rate july 2012 6.55% year ago 6.53% percent point change 0.40% Top County PIKE COUNTY Delinquency Rate july 2012 11.63% Foreclosure Rate Unemployment Rate 8.9% 10.1% -11.9% Illinois Robinson REO Team Leader Angela A Division of Elite Properties Chicago 875 N. Michigan Suite 3100 Chicago, Il 60611 312-226-9915 (c) ar@reoelite.com www.reoelite.com help for homeowners who otherwise never would have received it, because the need far exceeds the current legal aid resources," Madigan said. "By ensuring that more homeowners in Chicago and suburban Cook County have an advocate, we can give more people a fighting chance to save their homes and help stabilize communities throughout the region." For more than 40 years, LAF has been helping people in the Chicago area with civil legal problems such as foreclosure, domes- tic violence, consumer fraud, and unfair evictions. LAF has more than 80 full-time attorneys and staff and helps about 55,000 people each year. 92

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