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VISIT US ONLINE @ DSNEWS.COM 6.6-month supply and a 7.1-month supply in March 2011. Months' supply is the number of months it would take to clear the inventory at the current rate of sales. A six-month supply is considered a balanced market between buyers and sellers. RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor. IN THE NEWS Delaware rank: 19 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 3.69%3.48% 6.9% year ago 3.06%4.14% 7.3% percent point change 20.3%-16.0% -5.5% Top County KENT COUNTY 90+ Day Delinquency Rate Foreclosure Rate march 2012 Connecticut 4.92%4.14% year ago rank: 6 3.85%4.76% 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 percent point change 27.7%-13.0% 2.66%5.69% 7.7% year ago 3.56%4.19% 9.1% Top Core-Based Statistical Area DOVER, DE percent point change 90+ Day Delinquency Rate -25.2%36.0% -15.4% Foreclosure Rate march 2012 4.92%4.14% Top County year ago WINDHAM COUNTY 90+ Day Delinquency Rate 3.85%4.76% Foreclosure Rate percent point change march 2012 27.7%-13.0% 4.05%8.19% year ago 5.18%5.39% percent point change -21.8%52.1% 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Top Core-Based Statistical Area NORWICH-NEW LONDON, CT 90+ Day Foreclosure Delinquency Rate Rate march 2012 District of Columbia 2.83%6.49% rank: 25 year ago 3.71%4.44% percent point change -23.8%46.2% 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 3.13%3.14% 9.8% year ago 3.07%2.86% 10.0% percent point change 2.1% 10.0%-2.0% Top County DISTRICT OF COLUMBIA 90+ Day Foreclosure Delinquency Rate Rate march 2012 STAT INSIGHT 39.5% Percentage of Connecticut homes sold for a loss in March. Source: Zillow With $2.7B Profit, Fannie Mae Ends Q1 Without Drawing Taxpayer Funds 3.13%3.14% year ago 3.07%2.86% percent point change 2.1%10.0% Top Core-Based Statistical Area WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 90+ Day Foreclosure Delinquency Rate Rate march 2012 3.13%3.14% year ago 3.83%2.70% percent point change -18.1%16.4% 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Fannie Mae said last month that it brought in $2.7 billion in net income during the first quarter of this year, and for the first time since it was seized by the government in September of 2008, the company does not need a draw of taxpayer funds from Treasury to get out of the red. The GSE is standing on its own with a net worth of $268 million, even after making a first-quarter dividend payment of $2.8 billion to the U.S. Treasury on senior stock the government holds as the company's conservator and primary shareholder. Fannie's tab with taxpayers totals $117.1 billion. To date, the GSE has paid in $22.6 billion to cover shareholder dividends. Fannie Mae's profitable first quarter compares to a net loss of $2.4 billion reported for the previous quarter and a net loss of $6.5 billion during the first quarter of 2011. The nation's largest mortgage financier says "the significant improvement" in its financial results can be traced to lower credit-related expenses as the decline in home prices slowed over the last quarter. The company also credits shedding some of its REO holdings at a time when REO sales prices began to improve. Credit-related expenses, including credit loss provisions and expenses related to foreclosed properties, were $2.3 billion in the first quarter of 2012, down from $5.5 billion in the fourth quarter of 2011 and $11.0 billion in the first quarter of 2011. Fannie Mae's financial timeline traces the lines of a slow and steady recovery. Credit-related expenses decreased by nearly two-thirds between January 2009 and March 2012, while loss reserves are expected to have peaked at the end of 2011. The GSE's total loss reserves, which reflect its estimate of the probable losses the company has incurred on loans in its guaranty book of business, decreased to $74.6 billion as of March 31, 2012, from $76.9 billion as of December 31, 2011. Fannie officials say they expect current loss reserves to cover future credit losses on the pre-2009 legacy book of business, as delinquencies have reached their peak. 89

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