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80 STATE OF AFFAIRS: NORTHEAST » New Jersey RANK: 1 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2014 3.29% 6.53% 7.2 YEAR AGO 4.06% 8.57% 8.7 YEAR-OVER-YEAR CHANGE -19.1% -23.9% -1.5 Top County SALEM COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 5.09% 11.56% YEAR AGO 6.27% 12.26% YEAR-OVER-YEAR CHANGE -18.9% -5.7% Top Core-Based Statistical Area VINELAND-MILLVILLE-BRIDGETON, NJ 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 6.50% 10.40% YEAR AGO 8.02% 11.45% YEAR-OVER-YEAR CHANGE -19.0% -9.2% 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 March 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 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 Coutinho admitted to his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses. "e fraudulent mortgage scheme that Coutinho and his co-conspirators committed is precisely the sort of fraud that helped lead to the nation's financial crisis in 2008," said Christy Romero, special inspector general. e scheme utilized Coutinho's position as a loan officer at a northern New Jersey mortgage brokerage company. From March 2008 through June 2012, Coutinho and his co-defendants conspired with each other to release liens on properties via fraudulently arranged short sales. is allowed the group to profit from new and fraudulent mortgage loans obtained on the properties from other lenders. Additionally, the group submitted false closing and other documents to mortgage lenders, including false loan applications to TARP banks. "Coutinho and his co-conspirators then distributed the proceeds of the loans— eventually totaling $2 million—among themselves and others. If you defraud a TARP bank, SIGTARP and our law enforcement partners will bring you to justice and hold you accountable for your crimes," Romero added. IN THE NEWS Loan Officer Pleads Guilty to Mortgage Fraud Scheme e Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that Delio Coutinho pleaded guilty to conspiracy to commit wire fraud. e New Jersey-based IN THE NEWS NY Fed: Consumer Expectations Rise in March A new survey put out by the Federal Reserve Bank of New York found that consumer expectations rose slightly in March, while home price change expectations declined slightly. e bank's findings from New York RANK: 3 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MARCH 2014 2.73% 5.14% 6.9 YEAR AGO 3.34% 6.17% 7.9 YEAR-OVER-YEAR CHANGE -18.4% -16.6% -1 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 2.93% 1.78% YEAR AGO 3.22% 3.30% YEAR-OVER-YEAR CHANGE -9.2% -46.2% Top Core-Based Statistical Area AMSTERDAM, NY 90+ Day Foreclosure Delinquency Rate Rate MARCH 2014 4.60% 8.82% YEAR AGO 4.71% 8.84% YEAR-OVER-YEAR CHANGE -2.3% -0.2% 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 March 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 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 New York Todd Yovino Broker/Owner Island Advantage Realty, LLC Metropolitan New York and Long Island's Default Specialist for Over 26 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com