Prospective members can obtain an application from Holly Hutchison, membership chair, any DMBA officer or board member, or on-line.

No new applications for membership were received. No new applications have been approved.

Any member with a comment concerning the pending admittance of any companies, positive or negative, should contact Holly at Holly.L.Hutchison@wellsfargo.com.

Montgomery County No. 2 in Ohio foreclosures
By JIM DeBROSSE, Dayton Daily News

State leads nation in percentage of people losing homes; predatory lending cited

DAYTON | Ohio continues to lead the nation in the percentage of people losing their homes to mortgage foreclosures, with Montgomery County ranked second in Ohio, a new study shows.

The new numbers come as Ohio lawmakers consider legislation to curb predatory mortgage lending, cited by one recent survey as the leading cause of foreclosures in Ohio.

Montgomery ranked second among Ohio’s 88 counties in the number and rate of new foreclosure filings a total of 4,050, or one for every 135 residents, according to a study released Thursday by Policy Matters Ohio, a nonprofi t, nonpartisan policy research institute focusing on issues that affect working families.

Only Cuyahoga ranked higher, with 10,935 new filings, or one for every 122 residents. It displaced Montgomery County, which had been ranked first the previous year.

Montgomery County hit another record high last month, with 505 foreclosure filings, 80 more than February’s previous record of 425.

"It could have been even higher. We had some come in on that Friday (March 31) that we didn’t process until the following Monday," said Jim Knight, a spokesman for the Montgomery County Clerk of Courts office. The office has been keeping foreclosure data for nine years.

For the state as a whole, foreclosure filings have quadrupled over the last decade, with an 8.5 percent increase in 2005 alone, the study found.

The fastest growth in filings last year was in largely rural counties, with Erie, Belmont and Fulton topping the list. "This really is a statewide problem, not just one affecting large urban counties," said Zach Schiller, research director of Policy Matters Ohio.

Ohio had more than 3.2 percent of its mortgages in foreclosure at the end of 2005, more than any other state, according to the Mortgage Bankers Association. The national average was just under 1 percent.

Asked by Policy Matters Ohio to rank the causes for foreclosures, 20 of 35 sheriff’s departments in Ohio cited predatory lending as number one, while nine departments cited job losses and the weak economy.

The Ohio House and Senate have passed different anti-predatory lending bills that will be worked out in conference committee when the legislature reconvenes in May.