The document summarizes real estate and mortgage market trends for 2012 according to a report from TransUnion. Specifically, it predicts that: 1) Mortgage delinquency rates will drop to 6% in the first quarter of 2012 and 5% for the full year. 2) Credit card delinquencies reached a 17-year low in the spring but increased slightly in the third quarter. 3) Pending home sales soared 10.4% in October 2011 compared to September 2011.

1. COUNSELLORS TITLE AGENCY DECEMBER 2011
TITLE WISE
Counsellorstitle.com Volume 11, Issue 6
New Year Brings Brighter Promise
to New Jersey Real Estate Market
Happy Holidays
Counsellors Title Agency, Inc. is
Report Predicts Delinquency Drop
Sharplyto credit reporting agency TransUnion, predicated
Seven Real
pleased to extend to you and your According
families greetings during the
holiday season. I must say that
upon current trends, and if the U.S. economy avoids any significant
economic setbacks, the percentage of current mortgage holders Estate
the way we exit this past year behind on their payments should decline significantly by the end
feels a bit different than the way
we entered it. When we moved
2012. TransUnion issued this statement on Wednesday, December
07, 2011.
For mortgage delinquency rates, percentages of borrowers more
Trends
into the first quarter, there was a than 60 days behind on their payments will move to 6% through the
great deal of trepidation as to the first three months of 2012 and then drop to 5%, TransUnion said. In Fannie Mae says consumers
state of the economy and what the overview, this will represent a 30% improvement from the peak of more positive about home
coming year would bring. 6.89% reported in the fourth quarter of 2009. prices
Steven Chaouki, a TransUnion group vice president, told Dow
Now having weathered these Jones Newswires that the rate fell because more foreclosures have Americans expect falling home
months, I believe that we have worked their way through the housing market, reducing the number prices and higher rental rates:
turned the corner, and if we keep of outstanding delinquencies. Fannie Mae
putting our best foot out in front, In addition, TransUnion forecasts that consumer confidence and
we will experience better things the economy will improve next year, though well above the pre- Fannie Mae survey shows more
throughout 2012. recession rates of 1.5 to 2%. The mortgage delinquency rate is also Americans consider renting
declining due to the slowly improving job market and a stabilizing
At Counsellors Title Agency, we housing market. Consumer pessimism reaches
have worked with our clients, On the credit card front: card delinquencies—payments late by 90 new high in August: Fannie
agents and loan officers to assist days or more—dropped to their lowest levels in 17 years during the Mae
them in doing their jobs with as spring, then saw a slight increase in the third quarter. TransUnion
said credit card balances have fallen to an average of $4,762, down
Fannie Mae says limited
little stress as possible. I am demand perpetuates uncertainty
about $1,000 from 2009 due to more customers choosing to reduce
proud to say that we have grown of housing recovery
borrowing. In all, 39 states and the District of Columbia are
significantly this past year and we projected to see credit card delinquency rates decline in 2012.
believe that we can continue to be More bankers expect economic
TransUnion expects further edging up in the current quarter and
a business asset to our friends and the first three months of 2012, but then late payments on bank-issued
improvement before 2011:
business family. cards should fall again. Grant Thornton
I look forward to a prosperous World housing prices stagnate
Pending Home Sales Soar 10% in October in 3Q
and healthy 2012 and invite you Pending home sales soared more than 10% in
to feel free to reach out to us if October, remaining above year-ago levels. This
there is any way that we can marks a hopeful sign for the nation’s housing
possibly answer a question or be market, reported the National Association of
of service. Realtors.
Wishing you the very best, The NAR’s pending home sales index surged
Aponte,
Ralph Aponte President 10.4% to 93.3 in October from 84.5 in
September. The index is based on signed real
Counsellors Title Agency is an estate contracts for existing single-family homes,
authorized agent for Old Republic condos and co-ops.
National Title Insurance

2. Counsellors Title is Proud to Networking Tips
Celebrate Our 17th Year of Holiday parties can be
minefields: never assume that
Service in New Jersey they are neutral territories.
Tips for 2011:
1. Be prepared. Find out who
As we enter our 17th year 6. Privately owned and will be attending, and learn their
of service to the New operated names before you go. Write
Counsellors Title Helps Jersey Real Estate Market, their names on an index card,
7. Rock-solid title searching
You Close the Deal our commitment to
and practice saying their names
8. Online quotes & estimates out loud before the event.
delivering expedient
Closing Services 9. Meticulous attention to 2. Place the host and hostess
service, expertise and names in your Google News
Counsellors Title prides itself accuracy has never detail
Alert for the two weeks
on providing attorneys, loan wavered. Here are CTA’s 10. Insurance from #1 rated preceding the event, and be
officers and Realtors with fast, Seventeen Service U.S. carrier ready to report any ‘good news’
dependable and knowledgeable Commitments: 11. 24/7 settlement services to them when you have a chance
title insurance services. Our at the event itself - getting
1. Courteous client focused 12. Web-based title delivery
closing department brings people to talk about themselves
together a knowledgeable staff 2. Typically able to provide system
in a good light makes for a
to ensure that your purchasers a title commitment in 24 13. Provides full closing and memorable connection.
and borrowers have a smooth hours settlement service here on 3. Ask good questions. The
closing. You will have a 3. Specializing in writing premises or off-premises better your questions, the faster
closer assigned to your only one kind of insurance: they will discover that you are
14. UCC searches
account, so that the services title insurance interested in them - have a
you receive can be customized 15. 1031 tax-deferred
4. Proven knowledge in ‘teaser’ trend or tip to share.
for you. Our closing exchange
title research & all facets of Maybe a funny article from the
department provides many 16. 1099 reporting Wall Street Journal – then you
services, some are as follows: closing procedures
17. Commercial due could forward them the actual
E-sign closings 5. Consistently striving to article in an email to follow up.
diligence services
Order payoffs
exceed expectations with 4. Don’t Drink! Some of the
an assiduous attention to most horrific events have
Order homeowners
detail occurred at ‘holiday parties’
insurance changes
when too much ‘truth serum’ is
Clear up old mortgages and
taken unsuspectingly.
judgments
5. Reconnaissance precedes
Order subordination Confidence. If it’s a big event,
agreements do a walk-through the day
Coordinate closing with before the event actually
lender and borrower happens. Mentally you train
Closings are available for yourself to be ‘familiar with the
evening and weekend terrain.’
6. Gratitude’s the best mindset
to create opportunity.
Counsellors Title Agency, Inc. specializes in providing title Counsellors Title Agency, Inc.
insurance, title search services and loan closing services Mr. Ralph Aponte
serving attorneys, Realtors, banks and various mortgage President
companies throughout the State of New Jersey. CTA offers full Counsellors Title Agency, Inc.
search and insurance capabilities within all 21 counties of New 504 Hooper Ave.
Jersey for commercial, residential and new construction Toms River, NJ 08753
purchases in both our Toms River and Linden locations. Phone: 732-914-1400
CTA is equipped with the latest digital technologies to ensure a Fax: 732-914-8898
complete and timely transaction. Ralph@counsellorstitle.com
www.counsellorstitle.com