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ยป VISIT US ONLINE @ DSNEWS.COM 79 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 RANK: 2 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 2.66% 4.10% 5.8 YEAR AGO 2.78% 5.32% 6.7 YEAR-OVER-YEAR CHANGE -4.1% -23.0% -0.9 Top County SULLIVAN COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.43% 2.26% YEAR AGO 3.12% 1.87% YEAR-OVER-YEAR CHANGE -22.1% 20.9% Top Core-Based Statistical Area AMSTERDAM, NY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 4.92% 8.00% YEAR AGO 4.76% 8.95% YEAR-OVER-YEAR CHANGE 3.5% -10.6% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 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 IN THE NEWS Judge Approves $69 Million MBS Settlement for Bank of America, U.S. Bank Bank of America and U.S Bank received final approval from a New York judge on their $69 million settlement involving a mortgage- backed securities class action lawsuit. is decision comes one week after the ruling that plaintiffs in a similar case could not intervene to oppose the deal, according to a report. U.S. District Judge Katherine Forrest approved the settlement, which resolves al- legations from investors that the banks failed in their role as trustees for mortgage-backed securities trusts containing sloppy loans that were issued by Washington Mutual Inc. before the 2008 financial crisis. Judge Forrest previously ruled March 5 that a separate group of investors pursuing similar claims against U.S. Bank could not intervene for the purpose of objecting to the settlement. e institutional investors, including affiliates of investment manager BlackRock Inc. and Pacific Investment Management Company LLC, had objected to the settlement, saying it excludes them from the class, while simultaneously releasing their claims against U.S. Bank in a derivative action. e judge said the terms of the agree- ment did not bar those investors' claims. Approximately $12.4 million of settlement funds will go to the plaintiffs' lawyers at Scott & Scott LLP, Cohen Milstein Sellers & Toll PLLC, and Kessler Topaz Meltzer & Check LLP. In court papers, attorneys at those firms said the complaint had been one of the first to claim that trustees of residential mortgage-backed securities trusts had failed to adequately safeguard trust assets. "is case was exceedingly complicated and complex," Deborah Clark-Weintraub of Scott & Scott said during the hearing. "It was very hard fought from start to finish." e suit was initially filed in April 2012. In an amended complaint in November 2013, the plaintiffs claimed that loans underlying the securities were plagued by delinquencies in borrower payments, credit losses, and down- grades by rating agencies. e bank trustees were tasked with carefully monitoring the performance of the loans. Instead, they "stood by and did nothing" as the loans soured and reports emerged of widespread underwriting abuses at Washington Mutual, the amended complaint said. Pennsylvania RANK: 13 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 2.45% 1.99% 5.2 YEAR AGO 2.76% 2.61% 6.2 YEAR-OVER-YEAR CHANGE -11.2% -23.7% -1 Top County MONROE COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 4.73% 7.46% YEAR AGO 5.48% 10.37% YEAR-OVER-YEAR CHANGE -13.6% -28.1% Top Core-Based Statistical Area EAST STROUDSBURG, PA 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 4.73% 7.46% YEAR AGO 5.48% 10.37% YEAR-OVER-YEAR CHANGE -13.6% -28.1% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Rhode Island RANK: 16 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 3.72% 1.94% 6.3 YEAR AGO 3.97% 2.61% 8.4 YEAR-OVER-YEAR CHANGE -6.4% -25.8% -2.1 Top County PROVIDENCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 4.60% 2.41% YEAR AGO 4.92% 3.14% YEAR-OVER-YEAR CHANGE -6.6% -23.2% Top Core-Based Statistical Area PROVIDENCE-WARWICK, RI-MA 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 3.89% 2.09% YEAR AGO 3.97% 2.61% YEAR-OVER-YEAR CHANGE -2.2% -19.9% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.