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80 NEW YORK New York Settle With PHH Mortgage Reports of irregularities in servicer foreclo- sure practices throughout the industry sparked the investigating of PHH Mortgage, according to a recent release from New York's Department of Financial Services. After the investigation revealed discrepancies in the corporation's mortgage origination and servicing practices, Governor Andrew M. Cuomo (D-New York) announced Wednesday that PHH will be fined $28 million and engage a third-party auditor. "New Yorkers deserve peace of mind when shopping for a mortgage and this administra- tion has zero tolerance for lenders who seek to cut corners and disregard the law at the expense of those seeking the American Dream in the Empire State," said Governor Cuomo. "We remain committed to rooting out unscrupulous practices in the mortgage industry and will continue to act vigorously to protect homeown- ers in every corner of New York." e release says the investigation findings included: A lacking of formal and comprehensive policies and processes for executing foreclosure- related documents Inadequate monitoring of the operations of outside vendors it engaged to perform mortgage servicing related tasks, including foreclosure at- torneys whose actions on behalf of the company had a direct impact on borrowers in financial distress e failure to establish adequate controls to prevent mortgage loan originators employed by one PHH entity from originating loans in another PHH entity's name e failure to ensure that electronic signa- tures appearing on loan applications were those of the mortgage loan originators who actually took the application from the borrower e mortgage loan originator compensation plan's failure to prevent directing borrowers to risky or unnecessarily high-cost loans PENNSYLVANIA Global DMS Integrates eTrac Platform Global DMS, a provider of web-based compliant valuation management software, has integrated its eTrac platform with LoanSafe® Appraisal Manager™ from CoreLogic to provide lenders, investors and AMCs with detailed analysis that ensures appraisal quality and accurately assesses the potential risk for a repurchase, according to a recent announcement from the company. "e new integration with LoanSafe Appraisal Manager complements our eTrac platform by providing clients with the ability to take advantage of comprehensive appraisal risk analysis," said Vladimir Bien-Aime, president and CEO of GlobalDMS. "Utilizing this scor- ing technology can make the difference between accepting appraisals of high quality and those that may have increased valuation and quality issues." e announcement says that after LoanSafe Appraisal Manager scores the appraisal, users are provided with a report that gives reviewers and underwriters a detailed analysis of appraisal quality, valuation uncertainty, market volatility and more. is streamlines the appraisal review process and speeds up the underwriting turn times, saving time and money while enhancing accuracy and mitigating risk. LoanSafe Appraisal Manager lever- ages nationwide, up-to-date, market-specific CoreLogic data covering 99 percent of U.S. residential properties. Connecticut Planet Realty, LLC Sales@CTREOTEAM.com 203-982-4985 cell www.CTREOTEAM.com Security • Preservation • Disposition Steve Rivkin 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 27 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com In October, the number of properties that received a foreclosure filing in New York was 1 in every 1471, according to RealtyTrac. KNOW THIS In October, the number of properties that received a foreclosure filing in Pennsylvania was 1 in every 1015, according to RealtyTrac. KNOW THIS

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