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Maryland rank: 9 90+ Day Delinquency Rate Foreclosure Rate december 2012 4.44% Unemployment Rate 3.96% 6.6% year ago 4.91% 3.72% 6.6% percent point change -9.5% 6.3% 0.0% Top County SoMerSeT CounTy 90+ Day Delinquency Rate december 2012 5.82% Foreclosure Rate 7.50% year ago 5.85% 6.98% percent point change -0.6% 7.4% Top Core-Based Statistical Area CAMBridge, Md 90+ Day Delinquency Rate Foreclosure Rate are moving our economy and this region forward,��� said Craig Burris, founder and president of SmartCEO magazine. ���We were proud to recognize them for their achievements and growth.��� ���It is an honor to be recognized for our hard work, ongoing growth, as well as the commitment we have made to improving the financial industry through technology advancements,��� said Sanjeev Dahiwadkar, CEO and founder of IndiSoft. ���We have built a company culture of excellence in product development and customer service, which are attributes that will help carry us well into the future. We are pleased to be acknowledged among so many strong, innovative businesses in our area making a difference in their industries and the community.��� STAT INSIGHT 68,456 december 2012 5.44% 7.45% year ago 6.84% 5.61% percent point change -20.5% 32.9% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the December 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary December 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Total home sales in Maryland from December 2011 to December 2012. Source: CoreLogic IN THE NEWS IndiSoft Recognized by SmartCEO for Growth, Local Contributions In Maryland, technology development firm IndiSoft has been recognized by SmartCEO magazine for its quick growth and contributions to the Baltimore community in the last three years. IndiSoft was listed among 49 other companies in the January ���Future 50��� issue of Baltimore SmartCEO. On January 10, representatives from the company attended a ceremony for the firms honored this year. According to the magazine, the companies featured in the Future 50 list collectively generated $875 million in annual revenue in 2012 and employed more than 5,400 individuals. ���The companies we honored this year grew in spite of the economic hardships we have all been facing. These companies invested in themselves and invested in their people and rose above the rest. They deserved to be recognized and celebrated because they 92 Massachusetts rank: 30 90+ Day Delinquency Rate Foreclosure Rate december 2012 3.56% Unemployment Rate 2.30% 6.7% year ago 3.56% 2.55% 6.9% percent point change -0.0% -9.6% -2.9% Top County Berkshire CounTy 90+ Day Delinquency Rate december 2012 4.13% Foreclosure Rate 3.65% year ago 3.84% 3.88% percent point change 7.4% -6.0% Top Core-Based statistical Area PiTTsfield, MA 90+ Day Delinquency Rate Foreclosure Rate december 2012 4.13% 3.65% year ago 3.84% 3.88% percent point change 7.4% note: -6.0% The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the December 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary December 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS Massachusetts Completed Foreclosures Shrink in 2012, Starts Increase From 2011 to 2012, the number of completed foreclosures fell in Massachusetts, while foreclosure starts experienced a significant increase, according to a report from the Warren Group. Completed foreclosures in the state decreased by nearly 13 percent, falling to 7,424 in 2012 from 8,531 in 2011. The number of foreclosure petitions, which marks the first step in the foreclosure process in Massachusetts, increased by more than 35 percent, rising to 17,152 in 2012 from 12,634 in 2011. The report explained petitions fell dramatically in 2011 as lenders slowed foreclosure processes. For the most part, a declining trend was seen when assessing foreclosure trends in December and in the fourth quarter of 2012. In December, foreclosure deeds, which represent completed foreclosures, numbered 265, down 65 percent from 758 recorded deeds in December 2011. Foreclosure petitions fell 17 percent year-over-year in December to 835, which represents the lowest number of foreclosure petitions recorded since May 2011, when there were 699 petitions. In the fourth quarter, foreclosure deeds totaled 931, which is a 56 percent decrease from 2,266 recorded deeds in the fourth quarter of 2011. Foreclosure petitions, however, saw a slight 1.8 percent increase in the fourth quarter, rising to 3,276 from 3,217 petitions during the same quarter in 2011. The increase marks the fifth straight month of quarterly petition increases. The share of REO sales for single-family homes also fell in 2012. Bank-owned sales represented 3.4 percent of single-family home sales across the state, down from 3.8 percent in 2011. Sales for bank-owned condominiums accounted for 2.6 percent of all condo sales in the state in 2012, down from 3.5 percent in 2011. The Warren Group also found a large decrease for auction announcements. Overall, 12,851 auction announcements were tracked in 2012, representing a 24 percent decrease from 2011. December auction announcements also fell to 172, which is an 84 percent decrease from 1,135 in December 2011.