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Murray, manager of Long & Foster's office in Princeton Junction, New Jersey. "The new Colts Neck office provides New Hampshire Long & Foster the opportunity to expand our coverage in the state of New Jersey and positions us within proximity to the New Jersey shore. We are excited about this presence in Monmouth County," Murray said. Gary Scott, president of real estate for Long & Foster, explained the opening is part of a long-term strategy to be the leading real estate company in that area of the Northeast. According to a corporate statement, the combined sales and equivalents for the Long & Foster companies in 2011 exceeded $42 bil- lion, and the company asserts it is the largest independent residential real estate company in the United States. Evaluation and Risk Management Firm Announces Launch evaluation and risk management firm, an- nounced its launch in late August. Secure Settlements uses a proprietary Secure Settlements, Inc., an independent risk analysis software program along with a national database and risk rating system to help warehouse banks and mortgage lenders reduce their exposure to fraud and risks as- sociated with mortgage lending during the closing process. The program can also assist institutions rank: 38 90+ Day 2.41% 2.35% 2.52% 90+ Day 3.22% year ago 3.62% percent point change -11.00% 24.43% Top Core-Based Statistical Area MANCHESTER-NASHUA, NH 90+ Day 2.39% year ago 2.30% percent point change 3.98% -8.25% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. -1.92% 2.03% 4.37% percent point change 28.92% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Delinquency Rate july 2012 1.86% 4.29% year ago 6.95% Foreclosure Rate -11.00% 3.12% 3.62% percent point change 24.43% Top Core-Based Statistical Area KINGSTON, NY 90+ Day Delinquency Rate july 2012 8.95% Foreclosure Rate Delinquency Rate Foreclosure Rate july 2012 1.98% year ago 2.15% percent point change -7.71% Top County SULLIVAN COUNTY Delinquency Rate july 2012 3.88% 3.22% year ago 3.12% Foreclosure Rate 90+ Day Unemployment Rate 5.4% 5.5% -1.8% New York rank: 5 90+ Day 2.99% 3.29% -8.99% Delinquency Rate Foreclosure Rate july 2012 6.33% year ago 5.27% percent point change 20.09% Top County SULLIVAN COUNTY Delinquency Rate july 2012 3.88% Unemployment Rate 9.1% 8.2% 11.0% Foreclosure Rate New Mexico rank: 14 90+ Day with meeting federal regulatory requirements for third-party service providers as mandated by the Consumer Financial Protection Bu- reau in its April 2012 directive to banks. "The Consumer Financial Protection 1.97% 2.00% -1.29% Bureau recently mandated a recommendation that has been in place since 2005, requiring all lenders to take affirmative steps toward evaluating third-party relationships and demonstrating that a policy is in place to protect consumers in regard to how they evaluate partners, such as closing profession- als," noted Andrew Liput, founder of Secure Settlements and an attorney with more than 20 years experience in the loss mitigation and financial consulting industries. Secure Settlements, based in New Jersey, 90+ Day 2.79% year ago 2.67% percent point change 4.34% 22.20% Top Core-Based Statistical Area ALBUQUERQUE, NM 90+ Day has created a proprietary database with a pool of qualified professionals, as well as a national watch list for high-risk individuals gathered from law enforcement, public data, and pri- vate industry sources. The Secure Settlements Watch List currently includes more than 45,000 names. 100 2.30% year ago 2.29% percent point change 0.55% 13.27% 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 July 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.06% Inc. reached a $3.5 million settlement with the Department of Justice regarding discriminatory lending practices. The lawsuit, filed in a Manhattan federal court, alleged GFI priced "residential mortgage loans for qualified New York-based GFI Mortgage Bankers Delinquency Rate july 2012 4.60% Foreclosure Rate GFI Settles Discrimination Suit for $3.5M 5.90% IN THE NEWS Delinquency Rate Foreclosure Rate july 2012 4.05% year ago 3.68% percent point change 10.23% Top County TORRANCE COUNTY Delinquency Rate july 2012 7.21% Unemployment Rate 6.6% 7.5% -12.0% Foreclosure Rate Custom Loss Mitigation Services Michael J. Wallace 516.319.1600 mjwallace@wallacerealestatesolutions.com WallaceRealEstateSolutions.com New York