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80 STATE OF AFFAIRS: NORTHEAST » New Jersey RANK: 1 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 3.61% 7.02% 7.1 YEAR AGO 4.30% 8.10% 8.9 YEAR-OVER-YEAR CHANGE -15.9% -13.3% -1.8 Top County SALEM COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 5.65% 11.87% YEAR AGO 6.72% 11.43% YEAR-OVER-YEAR CHANGE -16.0% 3.9% Top Core-Based Statistical Area VINELAND-MILLVILLE-BRIDGETON, NJ 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 7.20% 10.52% YEAR AGO 8.69% 10.28% YEAR-OVER-YEAR CHANGE -17.1% 2.4% 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 January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures 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 New York Todd Yovino Broker/Owner Island Advantage Realty, LLC Metropolitan New York and Long Island's Default Specialist for Over 25 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com New York RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.89% 5.58% 6.8 YEAR AGO 3.44% 5.98% 8.1 YEAR-OVER-YEAR CHANGE -16.1% -6.7% -1.3 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.35% 11.05% YEAR AGO 4.68% 11.44% YEAR-OVER-YEAR CHANGE -6.9% -3.5% Top Core-Based Statistical Area AMSTERDAM, NY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.84% 9.48% YEAR AGO 5.07% 8.25% YEAR-OVER-YEAR CHANGE -4.4% 14.9% 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 January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The missing piece for your Real Estate Needs! Kamla Jaikaran (Kay) Carrington Real Estate Services (US), LLC Kamla Jaikaran (Kay) 1010 Northern Blvd, Suite 208 Great Neck, NY 11021 Phone: 718-986-6517 Efax: 718-732-2711 Email: kdjaikaran@gmail.com www.carringtonres.com BPO/CMA orders: Please email: bpoprony@gmail.com IN THE NEWS Regulator Concerned over Nationstars Explosive Growth Benjamin Lawsky, superintendent of the New York State Department of Finan- cial Services (NYSDFS), issued a letter to Nationstar Mortgage Holdings, acknowl- edging the agency "has significant concerns that the explosive growth at Nationstar and other nonbank mortgage servicers may create capacity issues that put homeowners at risk." "We have received hundreds of complaints from New York consumers," said Lawsky in a letter initially reviewed and reported by e Wall Street Journal. e letter cites problems with Nationstar's mortgage practices, includ- ing problems related to mortgage modifica- tions, improper fees, and lost paperwork. One of the "other nonbank mortgage servicers" referenced is Ocwen Financial Corporation, which had a previous run-in with Lawsky and his department. e NYSDFS halted a deal between Ocwen and Wells Fargo, which would have The average loan to value ratio in New Jersey was 60.8 percent in January, according to CoreLogic. KNOW THIS Foreclosure inventory in New York declined .3 percent in January, year-over-year, according to CoreLogic. KNOW THIS