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VISIT US ONLINE @ DSNEWS.COM housing market, create new jobs, and boost our overall economy." Mark Zandi, chief economist at Moody's IN THE NEWS Analytics, called the plan "a creative and bold effort." Zandi says, "Previous attempts to solve this problem have fallen well short. Senator Merkley's plan is an ambitious one and should be carefully considered." The National Association of Realtors also expressed its support for the plan. The trade group's president, Moe Veissi, said Merkley's idea "is exactly the innovative approach that our nation must take to ensure a sustained housing recovery." There are some naysayers, however. One commenter responded to the YouTube video saying the plan is "setting up conditions nearly identical to what created the housing bubble." Pennsylvania rank: 16 90+ Day 2.67% 2.77% -3.33% 90+ Day 5.95% year ago 5.85% percent point change 1.87% 24.57% NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 90+ Day Top Core-Based Statistical Area Foreclosure Delinquency Rate june 2012 4.15% year ago 4.35% percent point change -4.58% 15.61% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 7.20% 8.33% Rate 10.82% Delinquency Rate Foreclosure Rate june 2012 3.88% year ago 3.15% percent point change 22.95% Top County MONROE COUNTY Delinquency Rate june 2012 13.48% Unemployment Rate 7.6% 8.0% -5.0% Foreclosure Rate Radian Reports July Growth Inc. released data for its primary mortgage insurance business for July, revealing growth in new insurance policies and a drop in delinquent loans. Radian wrote $3.37 billion in primary new Philadelphia-based Radian Guaranty preferred vendor of some of the nation's top lenders, providing customized solutions for mortgages, from loan fulfillment through loss mitigation. Based in Pittsburgh, Pennsylvania, the company has additional offices in Broomfield and Littleton, Colorado. ServiceLink Buys DRI Pittsburgh-based ServiceLink acquired insurance for the month of July, an increase from $3.08 billion in June. Loan delinquen- cies were down, with primary delinquent inventory falling to 97,012 from 98,450 the month before. The release of July's stats fol- lowed a more dismal report on the company's second-quarter earnings, which showed a net loss of $119.3 million. Still, CEO S.A. Ibrahim says he is confi- dent in Radian's future. "We are encouraged by the continued improvement in our legacy MI portfolio as our number of delinquent loans decline steadily," Ibrahim said. "The improving composition of our overall MI book helps position Radian for future success and a return to profitability." ULS CEO Receives Award, Company Named on Black Enterprise 100 List announced two recognitions it received in June. Ernst & Young selected Chuck Sanders, founder and CEO of ULS, as the 2012 Entrepreneur of the Year for the services industry in the Western Pennsylvania and West Virginia region. Sanders was selected by an independent panel of judges made up of past award winners, CEOs, private capital investors, and other regional business leaders. ULS also took the 31st spot on Black Urban Lending Solutions (ULS) recently KNOW THIS In the 13 counties of Southwestern Pennsylvania, the average price of homes sold in the first six months of 2012 was up 8% from the same period last year, according to West Penn Multi-List, Inc. Enterprise magazine's BE 100 list of the larg- est black-owned businesses. It's the fourth year in a row ULS has made the list. In order to be eligible, a company must be at least 51 percent black-owned and fully operational for the previous calendar year. In addition, the company must manufacture or own the products it sells or provide industrial or consumer services. ULS was founded in 1998 and started as a title and settlement services company. Under Sanders' leadership, ULS has experienced steady company growth and has become a DRI Management Systems in mid-July and announced the launch of the ServiceLink Fusion workflow platform. ServiceLink Fusion was designed based on feedback from the company's servicing clients and central- izes default-related workflow. ServiceLink Fusion utilizes a workflow platform originally developed by DRI. The platform is in production and configured to support loss mitigation, pre-foreclosure, foreclosure, bankruptcy, claims, third-party service ordering, litigation, default adminis- tration, and REO management. ServiceLink says its Fusion platform enables clients to manage operational risk and simplify regulatory compliance while reducing constraints that result from hard- coded point technology solutions, databases, and other interfaces. Rhode Island rank: 15 90+ Day 4.04% 3.77% 7.28% 90+ Day 4.96% year ago 4.61% percent point change 7.64% -9.02% Top Core-Based Statistical Area Foreclosure PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 90+ Day Delinquency Rate june 2012 4.04% year ago 3.77% percent point change 7.28% -8.11% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.34% 3.99% Rate 5.40% Delinquency Rate Foreclosure Rate june 2012 3.99% year ago 4.34% percent point change -8.11% Top County PROVIDENCE COUNTY Delinquency Rate june 2012 4.91% Foreclosure Rate Unemployment Rate 10.9% 11.4% -4.4% 135

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