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Washington rank: 27 90+ Day 4.28% 3.90% 9.6% 90+ Day 6.10% year ago 5.62% percent point change 8.5% 27.3% Top Core-Based Statistical Area LONGVIEW, WA 90+ Day 4.30% year ago 3.73% percent point change 15.3% 31.8% 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 August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. -10.4% 2.45% 3.08% percent point change -8.9% 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 August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Delinquency Rate august 2012 3.23% 2.76% year ago 4.02% Foreclosure Rate -11.6% 3.15% 2.65% percent point change 18.0% Top Core-Based Statistical Area WEIRTON-STEUBENVILLE, WV-OH 90+ Day Delinquency Rate august 2012 3.66% Foreclosure Rate Delinquency Rate Foreclosure Rate august 2012 2.70% year ago 2.27% percent point change 18.8% Top County PIERCE COUNTY Delinquency Rate august 2012 4.02% 2.34% year ago 4.02% Unemployment Rate 8.6% 9.2% -6.5% Foreclosure Rate West Virginia rank: 34 90+ Day 2.27% 2.49% -8.9% 90+ Day Delinquency Rate Foreclosure Rate august 2012 2.08% year ago 2.44% percent point change -15.0% Top County BROOKE COUNTY Delinquency Rate august 2012 4.74% Foreclosure Rate Unemployment Rate 7.5% 8.1% -7.4% IN THE NEWS MGIC Releases Report on Cures, Delinquencies for September Insurance Corporation (MGIC) wrote $2.2 billion in primary mortgage insurance. MGIC, which is a principal subsidiary In September, Mortgage Guaranty of MGIC Investment Corporation, also reported it began the month with 150,388 loans in delinquent inventory and ended with 148,885 loans due to 8,764 cures, 3,790 paid loans, and 257 rescissions and denials. The mortgage insurance giant also saw 11,308 new notices. In August, MGIC ended with 150,388 loans in delinquent inventory and wrote $2.5 billion in primary mortgage insurance. Headquartered in Milwaukee, MGIC is the largest private mortgage insurer as measured by $166.7 billion primary insurance in force covering one million mortgages as of the end of June, according to a release. IN THE NEWS Judge Dismisses Foreclosure Case dismissed a borrower's complaint of wrongful foreclosure and violation of the Washington Consumer Protection Act (CPA), ruling in favor of defendants Fannie Mae, Northwest Trustee Services, and Mortgage Electronic Registration Systems, Inc. (MERS). The borrower alleged that MERS did not In September, a Washington state judge Wisconsin rank: 20 90+ Day 2.62% 2.65% -1.3% 90+ Day 3.59% meet the definition of trust deed "benefi- ciary" under Washington law, which would invalidate the MERS assignment of the trust deed to Fannie Mae. In the case Jimenez v. Fannie Mae, Judge Regina Cahan of the King County Superior Court found that the foreclosure was valid under state law since Fannie Mae, the note holder, is the one that carried out the fore- closure. In dismissing the CPA claim against MERS, Judge Cahan cited the case Bain v. Metropolitan Mortgage Group, stating that the "court determined that a representation that MERS is the deed of trust beneficiary is not a per se violation." 110 year ago 3.93% percent point change -8.7% 35.7% Top Core-Based Statistical Area CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 90+ Day 3.63% year ago 3.56% percent point change 2.0% -1.6% 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 August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.48% Delinquency Rate august 2012 4.41% Foreclosure Rate 5.95% Delinquency Rate Foreclosure Rate august 2012 3.33% year ago 3.70% percent point change -9.9% Top County JACKSON COUNTY Delinquency Rate august 2012 8.08% Foreclosure Rate Unemployment Rate 7.5% 7.6% -1.3% IHS Spotlights Wisconsin Economy examination of the Badger State's economy as part of its ongoing series on swing states in the 2012 election. Whereas states like Colorado and New Hampshire have fair- to-middling economic pictures, IHS called Wisconsin's employment situation in 2012 "grim." While the country as a whole experienced IHS Global Insight released an year-over-year job growth above 1 percent each month through July, Wisconsin saw year-over-year declines every month. As of July, payrolls in the state had fallen 0.8 percent from the same time in 2011. While the manufacturing sector is creating jobs—expanding at a 1.3 percent pace since July 2011—other sectors haven't fared as well. "The already beleaguered construction sector continues to be pummeled, shedding 7.7 percent [year-over-year] in July because of continued weak demand for new single-family homes and a lack of public infrastructure projects," IHS said in its report. "And contrary to the trend throughout most of the country, where professional and

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