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Colorado rank: 49 90+ Day Delinquency Rate Foreclosure Rate July 2013 1.4% Unemployment Rate 0.8% 7.1% year ago 1.8% 1.5% 8.1% year-over-year change -20.5% -48.1% -12.3% Top County Las animas CounTy 90+ Day Delinquency Rate Foreclosure Rate July 2013 3.1% 2.7% year ago 2.9% 2.4% year-over-year change 5.4% 12.5% Top Core-Based statistical area PueBLo, Co 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.2% 1.5% year ago 2.5% 2.0% year-over-year change -10.9% -27.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Colorado Re/Max Alliance & The Haas Team ZAC BROWN 303-456-7790 Direct || 303-619-4803 Cell www.zacbrownrealestate.com www.thehaasteam.com zaclbrown@aol.com IN THE NEWS RE/MAX Goes Public RE/MAX filed paperwork for a $100 million initial public offering (IPO) on August 19 and then filed an amendment on September 19, upping its expected net proceeds to $177 million. Founded in 1973 by Dave and Gail Liniger, RE/MAX is represented in more than 90 countries and has more than 90,000 agents. With the current U.S. recovery and housing rebound, the Denver-based 74 company stated it is "well-positioned" to benefit from an increase in agents, according to the prospectus filed with the Securities and Exchange Commission (SEC).  Agent count fell 26.8 percent from 2006 through 2011, but now the company is once again in growth mode, gaining 1,532 agents in 2012 and 3,231 agents from January to July of this year.  Nearly three-fourths, or 74 percent, of the company's 2012 revenue was from the United States. Headquartered in Denver, RE/MAX has held the biggest market share in the United States and Canada since 1999 when measuring total residential transaction sides. Stewart Plants Roots in Colorado with Acquisition of Allonhill Stewart Lender Services (SLS) announced that it has acquired key assets of the due diligence and credit risk management firm Allonhill. Jason Nadeau, president and CEO of SLS, says Stewart will retain all Allonhill personnel as well as Allonhill's headquarter facility in Denver. Stewart also adds technology developed by Allonhill to its suite of products, including a due diligence platform customizable based on individual clients' needs and portfolio characteristics. The system offers loan-level drill-down capabilities, enables filtering by loan characteristics, and accommodates ad-hoc adjustments of review requirements. Nadeau describes Stewart's acquisition of Allonhill's people, technology, and leadership as "fantastic." He said, "With loan quality and compliance being in the forefront of industry concerns, we couldn't be more excited to have some of the most well-known and experienced staff in the industry joining our operations." Nadeau added, "Through a combination of the staff, industry-leading technology, and Stewart's resources, this transaction brings us tremendous strength at a time when this segment of the market is re-emerging." Sue Allon, founder and CEO of Allonhill, is taking on the role of vice chairman at SLS. She will lead the company's capital markets business line, including due diligence and oversight services. Allon explained that her new role is one of thought leadership and product and market development.  "I am excited to be able to say I'm Stewart now," Allon said. "In our space, capacity is everything. We've got the expertise and to be able to come to our client base with capacity now behind us means everything." Allon stresses that the company she launched in 2008 and Stewart are a natural fit, largely because the two organizations share common values and integrity. Nadeau concurs. "We share a commitment to growth and vision of bringing this industry a solution to risk management in the form of excellence in diligence and oversight," Nadeau said. He says Allonhill has the talent and people that matches up with the Stewart family. "At Stewart, it's really important for us to maintain our integrity and our brand," he added. Both Nadeau and Allon echo the same sentiment about the other's organization: One that is "committed to 'doing things right.'" For Stewart, the acquisition strengthens the company's three-prong approach to serving clients' and the market's needs, Nadeau says. SLS' three pillars, he explained, include origination support, component servicing, and now due diligence and capital markets.  Across the industry, the biggest concerns revolve around compliance, and "adding Allonhill to the suite takes our component servicing and servicing support to the next level. It opens up a whole new group of potential clients; it's a separate and extremely strong business line for us," Nadeau said.  He added that the company continues to diversify outside of the title industry by growing its services. "Investors have been relying on Stewart for 120 years," Nadeau said. "We've done due diligence for the title business since our beginning, and now we're looking to translate that same consistency and quality to compliance for mortgage servicers and investors." According to Nadeau, the company's capital markets business is ready to get to work "right out of the gate." Allon and her team have already been very active working alongside servicing shops to advise them on audits and reviews. Report: Prices Slip as Inventory Situation Improves Median home prices dipped month-overmonth in July but still experienced a sharp rise from last year, according to RE/MAX's housing survey covering 52 metropolitan areas. At the same time, the inventory situation eased, while sales remained strong. Denver-based RE/MAX reports homes sold for a median price of $189,950 in July,

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