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» IN THE NEWS New Jersey rank: 2 90+ Day Delinquency Rate Foreclosure Rate July 2013 4.4% Unemployment Rate 7.1% 8.6% year ago 4.6% 7.6% 9.7% Report Suggests New Jersey Feeling Greatest Fallout from Crash New Mexico rank: 16 90+ Day Delinquency Rate -11.3% Top County 90+ Day Delinquency Rate Foreclosure Rate July 2013 5.9% 11.2% year ago 6.4% 12.4% year-over-year change -7.1% -9.9% Top Core-Based statistical Area ViNElANd-MillVillE-BridgEToN, NJ 90+ Day Foreclosure Delinquency Rate Rate July 2013 8.1% 9.8% year ago 8.3% 9.6% year-over-year change -1.9% 1.7% 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. New Jersey Lisa G Lopez Broker of Record Home Alliance Realty 142 E. Bay Ave Manahawkin, NJ 08050 609-978-9009 (o) 609-384-5109 (c) lglopez@verizon.net www.HomeAllianceRealty.com www.LisaLopezProperties.com STAT INSIGHT Annual increase in REO activity in New Jersey as of August. Source: RealtyTrac Unemployment Rate 3.0% 6.9% year ago 2.0% 4.1% 7.0% year-over-year change -7.2% EssEx CouNTy Foreclosure Rate July 2013 1.9% year-over-year change -5.3% VISIT US ONLINE @ DSNEWS.COM While Florida, Nevada, and California are some of the most commonly cited examples of states hit hard by the housing implosion, an analysis of fraud data submitted to LexisNexis' Mortgage Industry Data Exchange (MIDEX) shows New Jersey might have taken the worst impact. In its 15th Annual Mortgage Fraud Report, LexisNexis Risk Solutions put a spotlight on three economic indicators: mortgage fraud and misrepresentation involving industry professionals, potential collusion activity, and volume of properties in default. Together, the three indicators show the full extent of the damage caused over the last few years by the housing market's crash, the company says. Looking at mortgage loan fraud levels, researchers at LexisNexis determined that most states have seen fraud fall to normal levels since 2008, though the fallout from prior years continues to build. For example, Florida ranked No. 1 for fraud activity under investigation in 2012 with an index value of 805—more than eight times the expected level of fraud given the state's origination activity. However, when originations before 2012 were removed, the Sunshine State's index fell to 169. For all of its improvement, however, Florida's economic prognosis still looks shaky. Despite the drop in fraud levels, the state still ranked among the top 10 for fraudulent reports in 2012, and it also placed highest for percentage of properties in default with 5.42 percent. "This year's study suggests that the more shared problematic economic indicators a state has, the greater its financial challenges will be in the coming years," said Tom Brown, SVP of financial services at LexisNexis. Based on Brown's deduction, New Jersey is looking at the most trouble ahead. The Garden State ranked on all three top 10 lists for mortgage fraud and misrepresentation (with a reading of 120 for investigations and 213 for 2012 originations), potential collusion (with a reading of 233), and properties in default (3.06 percent). -2.3% -26.1% -1.4% Top County TorraNCe CouNTy 90+ Day Delinquency Rate Foreclosure Rate July 2013 2.7% 6.0% year ago 2.8% 7.2% year-over-year change -3.8% -16.8% Top Core-Based Statistical area GraNTS, NM 90+ Day Delinquency Rate Foreclosure Rate July 2013 1.9% 5.0% year ago 1.8% 6.0% year-over-year change 6.3% -17.0% 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. New York rank: 3 90+ Day Delinquency Rate Foreclosure Rate July 2013 3.2% Unemployment Rate 5.7% 7.5% year ago 3.0% 6.3% 8.7% year-over-year change 5.8% -9.3% -13.8% Top County SullivaN CouNTY 90+ Day Delinquency Rate July 2013 2.7% Foreclosure Rate 2.5% year ago 3.2% 3.9% year-over-year change -16.9% -35.8% Top Core-Based Statistical area amSTerdam, NY 90+ Day Delinquency Rate Foreclosure Rate July 2013 4.8% 8.7% year ago 4.9% 8.7% year-over-year change -1.5% 0.8% 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. 87