Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, announced today the availability of a “distressed” valuation feature within the iValue suite of automated valuation products. This new feature is intended to help mortgage servicers around the country more accurately value distressed residential properties and loans associated with such collateral. Industry leaders anticipate an unprecedented volume of distressed properties and fluctuating loan-to-value ratios over the next several quarters as a flood of default and REO properties enter the market. “Financial institutions and mortgage servicers need a fast and affordable way to review their portfolios and make decisions for each individual loan,” said Dave McCarthy, President and CEO of Integrated Asset Services. “The distressed valuation feature is a way to individualize the value of each property according to the state of the local market and the property-specific factors that may negatively impact value.” iValue already delivers deeper business intelligence than any other single Automated Valuation Model (AVM) source in the market, reporting on subject value, median house price trends, and neighborhood intelligence. The new “distressed” feature extends the AVM to extract and weigh key data points that indicate whether a property is considered distressed within the iValue model. Other AVMs typically overlook a property’s state of distress; resulting in valuation error and greater portfolio risk. The iValue enhancement will identify and flag those properties that are in some state of distress, including notice of default, company-owned, abandoned and sheriff sale. The feature also applies neighborhood analytics to search and select area listings and sales that can be identified as distressed, enabling the AVM to utilize relevant comparables. The distressed methodology isolates and monitors price trends for distressed properties in a local market, allowing the model to accurately establish the spread between retail market value and distressed value. “An intelligent AVM is able to recognize a distressed property state, quantify the price pressure on a given market and value each asset accordingly,” said Ric Miles, CEO of IntelliReal, IAS’s technology partner. “Identifying the distressed value of a property within its local market will give servicers and mortgage traders the ability to more proactively strategize and manage portfolio risk.” iValue is one of several innovations introduced by IAS to assist financial institutions mitigate risk through a fast and low cost solution. The firm recently launched its monthly-reported IAS360 House Price Index last year. IAS’s high-tech and high-touch product lines (www.iasreo.com/iseries.html) offer an unmatched level of detail in a rapidly changing housing environment. About Integrated Asset Services, LLC IAS (www.iasreo.com) is a privately-held Colorado-based corporation specializing in default mortgage services including valuation, reconciliation and full cycle REO disposition. The Company’s advanced valuation and volatility technology combined with its expert professional services help its clients reduce exposure while expediting the entire asset management process. Founded by REO industry experts, IAS provides services that go beyond industry expectations, from the level of integrity of its employees to the measurably better service it routinely provides.
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Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, today released its latest IAS360™ House Price Index. The benchmark for national house prices, based upon the timeliest and most granular data available in the industry, moved up a fraction of a point in April. April’s report reflects the first non-declining numbers for the index in 10 months. The IAS360 had fallen more than 19% from its high-water mark in June of 2007. On a year-over-year basis, U.S. house prices are still down 13.0%, but the volatility of the trend line is less than the previous year, a critical point to industry analysts. More importantly, three of the four U.S. census regions were stable to positive for April. Only the South, which includes several particularly hard-hit Florida communities, was down for the month (0.3%), but there, too, the trend line was flattening. “It’s too soon to call this a turn in the housing market, particularly given all the political and regulatory uncertainties,” said Dave McCarthy, President and CEO of Integrated Asset Services. “I think that we’re still in for some difficult spells ahead, but we are seeing a certain kind of pricing equilibrium in several important markets. That’s encouraging for the long term.” Among metropolitan statistical areas (MSAs), IAS360 reports that three of the country’s ten largest MSAs—Boston, Chicago, and San Diego—joined Denver, previously the only region in the nation showing gains, in positive territory in April. “Inventory levels are declining and sales are increasing in the lower priced markets through a combination of incentives and low interest rates creating a positive outlook for the entire market,” said Rick Foos, President of SRA Foos & Associates, Inc. “However, if we begin to see rising interest rates and an increase in foreclosures in tandem we could be experiencing a “false bottom”, but if neither materializes to a great degree then it does appear that the market may have bottomed.” IAS360 data also revealed certain evidence of normalization, or at least a return to seasonality, in California, arguably the first and foremost damaged state in the U.S. (six of the 10 hardest-hit counties in the country are in California.) Representative counties up and down the state, including Monterey, San Bernadino, Ventura, Riverside, Sacramento, Sonoma, and King, continue to report convincing upticks in housing prices. For its part, the aforementioned San Diego, down almost 24% from its high in 2007, has reported three straight months of stable prices. “We’re looking at daily information on more than 15,000 market segments across the country,” said McCarthy, “and we’re keeping a keen eye out for trends all the way down to the county and neighborhood level. With the benefit of our uniquely granular and timelier data, the IAS360 will report the turn in the market first.” The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 “neighborhoods”, which are rolled up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.
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Posted by Erik Keith on August 18, 2009 at 12:25pm
Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, announced today the launch of Statebridge. The new company will provide custom, high-touch investor-focused servicing for the mortgage industry. Statebridge’s risk-based servicing will introduce a new adaptive approach designed to optimize investor success through tailored, high-touch servicing that maximizes return on performing and non-performing loans. This new approach to servicing was developed by the team that helped create the market for independent surveillance of mortgage securities. “Statebridge is defining a new category, “investor-focused servicing”, for the mortgage industry”, said Dave McCarthy, President and CEO of Integrated Asset Services. “In association with IAS’ valuation and REO capabilities, Statebridge will be the only servicing company to provide a ‘one-stop shop’ for mortgage servicing that is intensely focused on the needs of investors that have grown out of this new mortgage environment.” Responding to changing industry expectations and demands, Statebridge was founded on the principle that a combination of technology, deep industry experience, custom borrower touch, and a contrarian view of servicing can make a significant difference in the performance of mortgage portfolios. Company executives created the firm’s servicing practices from the ground up, relying on years of experience in overseeing hundreds of servicers and roughly three trillion dollars worth of mortgages. “Statebridge is not a company that believes in doing things one way because that’s how they’ve always been done,” said Kevin Kanouff, President of Statebridge. “We work closely with our clients to create a servicing strategy unique to their investment philosophy for the greatest return. We treat borrowers with respect and our clients’ assets as if they were our own.” The company has been designed to provide custom special servicing of both distressed and non-distressed mortgages. In addition to unbiased service advice on existing mortgages, Statebridge experts are equipped to offer collateral analysis, fiduciary review, pool level analysis, and pricing advocacy for new investments in mortgages. With the Statebridge launch, the IAS suite of mortgage servicing products, which already includes REO management and disposition, collateral valuation, conditioned valuation, and mortgage due diligence, will effectively bridge the entire loan life cycle. “Our attitude is that there should always be a solution that is in the best interests of both the borrower and the investor,” said Kanouff. “We’re looking forward to our association with IAS and its “no excuses” philosophy to bring complete and exceptional solutions to the residential asset management industry.”
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Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuations, today released its IAS360™ House Price Index (HPI). Based on the timeliest and most granular data available in the industry, the benchmark index for national house prices gained 1.6% in May. The latest IAS report, which reflects the largest one-month increase in the IAS360 HPI since July of 2005, follows a fractional gain in April. The index had previously fallen more than 19% from its high-water mark in June of 2007. U.S. house prices are still down 10.5% year over year, but all four of the U.S. census regions reported positive numbers for May. In order of gains, the Northeast was up 3.2%, the Midwest 1.9%, the South 1.1%, and the West 0.9%. The South was the only census region down in April. “Two month's worth of positive data hardly signals a turn in the national housing market," said Dave McCarthy, President and CEO of Integrated Asset Services, “but we have to be encouraged by what we’re seeing in several important counties and neighborhoods.” In fact, the IAS360 HPI reported gains in May for nine of the nation’s 10 largest metropolitan statistical areas (MSAs), a notable turnaround from just two months ago when Denver was the only region in the nation with positive performance. For its part, Denver added another 0.4% in May, while Boston and Chicago followed solid April numbers with increases of 3.7% and 1.5%, respectively. The gains in the West, meanwhile, were particularly apparent with San Francisco up 3.0%, Los Angeles 2.8%, and San Diego 1.2%. Only the Las Vegas housing market continued to slide with a drop of 0.9% for the month. “We’re seeing a mix shift in home sales and that’s manifesting itself as increased pricing,” said John Burns, CEO of John Burns Real Estate Consulting. “For a while, the bulk of homes sales were distressed properties in declining neighborhoods. Home affordability combined with tax credits have proven compelling. Sales are shifting back to more traditional submarkets and neighborhoods. That said, there is still a lot of downward pressure on pricing due to foreclosures and recent changes in the appraisal process. We aren’t out of the woods yet.” “With all of the political and regulatory uncertainties combined with rising unemployment and foreclosure inventories, it’s too soon to speculate that a housing recovery is really here,” said McCarthy. “However, I’m confident that the IAS360 will be the first to report a turn in the markets when they start to occur.” The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 neighborhoods, that roll up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.
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Posted by Erik Keith on August 11, 2009 at 10:41am
Integrated Asset Services(www.iasreo.com) today released its IAS360 House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the index for national house prices moved ahead another 1.2% in June. With June’s gains--the fourth consecutive positive month--the U.S. housing benchmark advanced 2.7% for full second quarter 2009, virtually offsetting the 2.6% decline across the first three months of the year. The IAS360 HPI is still down 16.7% from its high in June 2007. Like May, all four U.S. census regions reported positive numbers for the month and in like order. For June, the Northeast was up 1.9%, the Midwest 1.8%, the South 1.2%, and the West 0.4%. While values showed improvement in neighborhoods across the country, most upper end counties remained mired in a deep slump. In June, price declines continued to accelerate for Putnam County, NY, Morris County, NJ, and Howard County, MD. “I think that a lot of this valuation disparity reflects the immediate effects of Washington's housing-rescue plan,” said Dave McCarthy, President and CEO of Integrated Asset Services. “Everything so far has helped spur sales of lower-priced homes, which, at least in the short run, is producing winners and losers.” Among the nation’s 10 largest metropolitan statistical areas (MSAs) reported, only the Las Vegas housing market continued to slide with a drop of another 1.8% for the month. Boston and Chicago followed solid May numbers with increases of 2.9% and 1.3%, respectively, as did the big California MSAs, with Los Angeles gaining 2.2%, San Francisco up 1.7%, and San Diego 1.4%. “The improvement in the more traditional neighborhoods is encouraging, but it’s easy to think there may be trouble lurking further up the food chain,” said McCarthy. “If there is to be another decrease in home prices, my bet is it’s going to come from the top. One way or the other, the IAS360 will be the first to report it.” The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 neighborhoods, that roll up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.
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Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, this month celebrated the first anniversary of its IAS360 House Price Index (http://www.iasreo.com/ias360_update.html). The IAS360 HPI remains the only index to track U.S. housing trends at a county level. The index tracks monthly change in the median sales price of detached single-family residences in more than 15,000 “neighborhoods” across the U.S., then rolls the data up to 360 counties, nine census divisions, four regions, and the nation overall. The timeliness of the data, which is based on all arms-length transactions occurring in underlying neighborhoods, makes the IAS360 HPI a leading indicator for housing price trends in the U.S. The index was recently awarded Personal Real Estate Investor Magazine’s Editors’ Choice Award. “The granularity of the IAS360 HPI takes it deeper into U.S. housing data than other observational tools” said David McCarthy, President and CEO of Integrated Asset Services. “And given the timely monthly reporting, we’ll be the first to see the markets turn at the county level.” IAS’ methodology integrates multiple data sources beginning with familiar Census Block, most Multiple Listing Services, Bureau of Labor Statistics, HUD, and county recorder data. These feed to an automated valuation model for individual home value index designed to track housing prices for banks and investors. The IAS360 HPI measures median sales price trends at multiple areas within a county to report price performance within an individual market. The index covers only single-family homes, though IAS does provide a separate report on condos. IAS’s innovative methodology has been well-received by a demanding marketplace. With its timely and granular data, the IAS 360 has been receiving increasing press attention since its first appearance 12 months ago. In addition to its recognition by Personal Real Estate Investor Magazine, the index has received increasing coverage by leading industry media outlets like The Wall Street Journal, CNBC, U.S. News &World Report, Business Week, Reuters, ABC News Radio, CBS News Radio, Housing Wire, Mortgage Banking Magazine, Mortgage Servicing News, and National Mortgage News. “The better housing price indexes are all useful at the Metropolitan Statistical Area level,” said McCarthy. “The IAS360 adds another level of information with its neighborhood data. That, plus the fact the index captures seasonality, makes it quite valuable to homebuyers, lenders, and investors.” For the financial services industry, the IAS360 HPI provides the logic to determine value, risk, and volatility for loss mitigation and short sale negotiations. This data gives lenders an indication of market movement and sets a median price range covering the previous six quarters. Regression testing of the IAS methodology has proven that the IAS360 HPI index and forecasts are extremely accurate.
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Posted by Erik Keith on December 10, 2008 at 11:00am
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360™ House Price Index for October 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 1.7% decline in house prices on a national level in October, with an annual decline of 12.9% versus a 13.3% decline in September.Denver, MSA house prices were down 1.2% in October and 15.3% year-over-year. Adams County saw an uptick of 0.2% in October but continues to decline year-over-year at a rate of 20.3%. Denver County continued to add to an already weak housing market with a decline of 2.5% in October and 21.4% year-over-year (see table below for more Denver metro area counties).Housing prices at the national level continue to look bleak. At the census region level, results for October show all four U.S. Census regions experiencing declines in house prices, with the South and West experiencing double digit declines year-over-year of 10.2% and 18.7%, respectively. Compared to October of 2007; Midwestern, Northeastern and Western regions saw a slight improvement in the rate of decline during October 2008, posting 1.5 %, 1.8% and 1.4% declines in house prices respectively. Finally, the Southern region continued to fall amid a weakened housing market.During the month of October, all nine U.S. Census Divisions posted declines. Mountain, Pacific and South Atlantic census divisions posted double digit year-over-year declines of 12.4 %, 20.0% and 10.6%, respectively. East North Central and West South Central divisions continued to hold steady with slight annual declines of 2.4% and 1.7 %.“We’re continuing to see a decline in housing prices across the country and at the county level. That said, we’re also seeing some signs of strengthening in counties that are located in ground zero states of the housing crisis,” said Dave McCarthy, President and CEO of Integrated Asset Services. “With the IAS360 and the other granular Integrated Asset Services iMVI data, we are keeping a close eye on the counties within hard hit states, because it’s the counties that will be the harbinger of signs of a market recovery.”States that have been hard hit by the housing crisis, such as Arizona and Florida, are seeing some counties appreciate in house prices.The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 “neighborhoods”, which is rolled-up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.Leveraging real time data and nationwide resources, Integrated Asset Services' high-tech and high-touch product lines, (www.iasreo.com/risk.html), offer an unmatched level of detail in a rapidly changing housing environment. IAS reports on "neighborhood" level house price trends, residential market climate and collateral valuation. Integrated Asset Services also provides traditional valuation products and full service REO Management and Disposition.
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Posted by Erik Keith on October 14, 2008 at 4:00pm
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for August 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.2 % decline in house prices on a national level in August, and an 11.6% decline from August 2007 to August 2008.The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data at a “neighborhood” level, which is then rolled up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.“As the economy continues to weaken everyone is watching the housing market for signs of a recovery,” says Dave McCarthy, President and CEO of Integrated Asset Services. “The IAS360 HPI’s ability to gauge housing volatility on a granular level and in a timely manner makes it the most essential house price index available for investors, lenders and consumers during these tumultuous times.”At the broader census region level, results for August show three out of four U.S. Census regions experiencing declines in house prices, with only the Northeast region continuing to show a marked improvement, up 1.3%. Showing the most significant loss among the four census regions is the West with a year-over-year double-digit decline of 18 %.Results for the month of August at the census division level showed five out of nine U.S. Census Divisions posting gains during August. New England led the way with a 2.4% appreciation and Mountain, Middle Atlantic and West South Central posting 1.1%, 0.4% and 0.2% appreciation respectively. That said all nine census divisions posted declines year-over-year with Pacific and Mountain divisions maintaining double digit declines.
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Posted by Erik Keith on November 12, 2008 at 9:30am
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360™ House Price Index for September 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 2.1% decline in house prices on a national level in September, with an annual decline of 13.3%. However, the data also shows bright spots at the individual county level with 75 of the 360 counties showing month to month improvement in September.“Housing prices at the national and MSA levels are still seeing declines, but we’re seeing positive signs at the county level, and even more encouraging signs at the neighborhood level,” said Dave McCarthy, President and CEO of Integrated Asset Services. “A review of the IAS360 House Price Index county level data, which is an aggregate of the 15,000 neighborhoods we track, provides insights into pockets of the country that may be showing signs of improvement.”The national picture continues to look challenging. At the census region level, results for September show all four U.S. Census regions experiencing declines in house prices, with the South and West experiencing double digit declines annually of -11.2% and -19.0%, respectively. Compared to September of 2007, Western and Midwestern housing prices improved slightly while Northeast and South continued to weaken.Results for the month of September at the census division level, all nine U.S. Census Divisions posted declines. West South Central led the way with a decline of 4.5% and New England, South Atlantic, Pacific posting declines of 3.0%, 2.5% and 1.9%, respectively.The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 “neighborhoods”, which is rolled-up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.Leveraging real time data and nationwide resources, IAS' high-tech and high-touch product lines offer an unmatched level of detail in a rapidly changing housing environment. IAS reports on "neighborhood" level house price trends, residential market climate and collateral valuation. IAS also provides traditional valuation products and full service REO Management and Disposition.
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Integrated Asset Services®, LLC (IAS®) (www.iasreo.com), a leader in default management and residential collateral valuation, today released its latest IAS360™ House Price Index. Based on the timeliest and most granular data available in the industry, the index showed a staggering 3.5% plunge in house prices for January, the worst single-month decline since its peak in November of 2006.January’s drop by itself represents more than $610 billion in reduced value of U.S. housing stock and brings the total loss from the start of the economic meltdown last September to roughly $2.4 trillion. Following a 1.1% decline in December, the national housing index has now fallen 24.7% from its peak in November of 2006.At the U.S. Census region level, the Midwest, which has been particularly impacted by the economic turmoil, fell another 4.5% in January bringing the region’s total decline since September 2008 to 12.4%. The other three census regions were down in line with the national drop of 3.5% for the month, though the West, not too surprisingly, far outpaces the rest of the country with what is now a 23.4% decline for the last 12 months.IAS 360’s granular data indicates the areas that experienced the largest gains during the housing bubble, California and Florida in particular, are continuing to be hit the hardest. Three counties in Florida—Charlotte (Punta Gorda), Hernando (Spring Hill), and Pasco (New Port Richey)—are now down more than 50% from their highs in 2006.The January IAS360 report also reveals the nation’s wealthiest counties have not at all been insulated from the national decline. Three Virginia counties—Loudoun, Stafford, and Prince William have each fallen more than 30% from their respective peaks.“These are unprecedented times to say the least,” said Dave McCarthy, President and CEO of Integrated Asset Services. “We’re seeing house prices plummet at a rapid pace throughout the country. We’ll be keeping a close eye on the data for signs of a bottoming out.”The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data of 15,000 “neighborhoods”, which is rolled-up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.Leveraging real time data and nationwide resources, Integrated Asset Services' high-tech and high-touch product lines, (www.iasreo.com/iseries.html), offer an unmatched level of detail in a rapidly changing housing environment. IAS reports on "neighborhood" level house price trends, residential market climate and collateral valuation. Integrated Asset Services also provides traditional valuation products and full service REO Management and Disposition.Editor’s Note: Additional IAS360 data, charts and interviews are available upon request. Data for full year 2008, since the peak of 2006 at levels from national to MSA to neighborhood level are available.About Integrated Asset Services, LLCIAS (www.iasreo.com) is a privately-held Colorado-based corporation specializing in default mortgage services including valuation, reconciliation and full cycle REO disposition. The Company’s advanced valuation and volatility technology combined with its expert professional services help its clients reduce exposure while expediting the entire asset management process. Founded by REO industry experts, IAS provides services that go beyond industry expectations; from the level of integrity of its employees to the measurably better service it routinely provides.###This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on IntelliReal and IAS’ current expectations, assumptions, estimates and projections about the company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of the success of IAS’ branding and consumer awareness campaign and other marketing efforts; competition from existing and potential competitors; and IAS’s ability to continue to develop and integrate new products, services and technologies. Due to the timeliness of the data, the IAS360 House Price Index is subject to revisions on a monthly basis.
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Posted by Erik Keith on September 9, 2008 at 11:53am
Integrated Asset Services, LLC (IAS, www.iasreo.com), a leader in default management and residential collateral valuation, today released its IAS360 House Price Index for July 2008. The monthly report, which includes the most current and granular data available in the industry, showed a 0.9% appreciation in house prices on a national level in July, and a -11.4% decline from July 2007 to July 2008.The IAS360 House Price Index is a comprehensive housing index tracking monthly change in the median sales price of detached single-family residences across the U.S. The index, based on all arms-length transactions, tracks data at a “neighborhood” level, which is then rolled up to report on the changes in 360 counties, nine census divisions, four regions, and the nation overall. The IAS360 House Price Index is delivered on a monthly basis.“The IAS360 HPI is unique in that it’s not a seasonally adjusted or smoothed index,” says Dave McCarthy, President and CEO of Integrated Asset Services. “This combined with its timeliness and granularity give lenders, investors and consumers a peek at the raw changes in home price forecasts from the front lines.”At the broader census region level, results for July show three out of four U.S. census regions experiencing gains in house prices, with only the West region continuing to show a decline. On a year-over-year basis, however, all four census regions are still posting losses, the most notable being the West, the only region with a double-digit decline.Results for the month of July at the Census Division level showed six out of nine U.S. census divisions posting gains during July, but only two—East North Central, which posted the largest jump in July, and West South Central, which posted the largest decline—have appreciated year over year.IAS also provides “neighborhood” level house price trends through its iMVI product. More information on iMVI can be found on the IAS website, www.iasreo.com/cs.html.*Due to the timeliness of the data, the IAS360 House Price Index is subject to revisions on a monthly basis.About Integrated Asset Services, LLC.IAS (www.iasreo.com) is a privately-held Colorado-based corporation specializing in default mortgage services including valuation, reconciliation and full cycle REO disposition. The Company’s advanced valuation and volatility technology combined with its expert professional services help its clients reduce exposure while expediting the entire asset management process. Founded by REO industry experts, IAS provides services that go beyond industry expectations; from the level of integrity of its employees to the measurably better service it routinely provides.###This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on InteliReal and IAS’ current expectations, assumptions, estimates and projections about the company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of the success of IAS’ branding and consumer awareness campaign and other marketing efforts; competition from existing and potential competitors; and IAS’s ability to continue to develop and integrate new products, services and technologies.
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