SAN FRANCISCO, Oct 20, 2008 (BUSINESS WIRE) -- Santa Ana, Calif.-based Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, announced from the 95th Annual Mortgage Bankers Association Conference and Expo, the results of the company's latest 12-month forecast for the nation's residential real estate markets covering the period from Sept. 1, 2008 through Sept. 1, 2009.

The forecasts, based upon the VeroFORECAST models reflect projected market gains and declines for single family residences in most major metropolitan areas and a large number of non-metro areas resulting in coverage of 75 percent of the nation's population.

Veros delivers forecast data on geographic levels that include CBSA, county and zip codes as well as by property type and price range. VeroFORECAST is licensed standalone or combined with Veros' Risk-Based Default Management suite that includes traditional and default/REO AVMs and Market Risk and Fraud scores.

These forecasts enable users, such as servicers and investors, to quickly determine collateral risk levels and establish a "priority of action" on their accounts, proactively manage likely default exposure, and make more effective decisions about non-performing assets in a very challenging environment.

Results from VeroFORECAST reveal the nation's five strongest and five weakest markets, per predicted values nearly a year from now:

FIVE STRONGEST MARKETS

1. Peoria, IL +3.9% 
2.  Lubbock, TX +3.8%
3. Springfield, IL +3.7%
4. Amarillo, TX +2.9%
5. Tulsa, OK +2.8%

FIVE WEAKEST MARKETS

1. Las Vegas - Paradise, NV -17.3%
2. Naples - Marco Island, FL -16.4%
3. Cape Coral - Ft. Myers, FL -14.9%
4. Miami - Ft. Lauderdale - Miami Beach, FL -14.8%
5. Port St. Lucie - Ft. Pierce, FL -14.7%

"We are smack in the middle of a market dealing with unprecedented volatility and uncertainty," said Darius Bozorgi, president and CEO of Veros Real Estate Solutions. "As a result, many market sectors and participants have frozen up compounding the issues. Having a reliable tool that enables accurate short-term and long-term views of the market horizon is an invaluable advantage.

Today's collateral risk assessment requires a 360 degree view. Success in this market requires an objective determination of not only where you stand today -- considering a number of risk factors -- but also where you are likely to be standing tomorrow and thereafter."

Since the initial release of quarterly forecasting reports more than five years ago, Veros has been developing and releasing market forecasts, building on years of established collateral risk analytics experience. With more than 50 factors in its analytics to develop these trends, this makes the VeroFORECAST models the most accurate forecasts in residential real estate markets.

"Our forecast models have consistently outperformed the competition across all primary performance metrics," said Eric Fox, vice president of Technology for Veros. "The key word in this market is 'consistently' as Veros' forecast models have demonstrated very low volatility in performance year over year. If you are going to make decisions based on analytics, it is critical to be assured that the models will perform within expectations when you need them the most."

Also available is the company's 18-month forecasting report, which provides all the features, detail and analysis of the 12-month report. A more expansive report than the 12-month, Veros 18-month forecasting report offers the option of HPI analysis results, results that equip the user with a historical reference, providing insight into both past and current trend analysis.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions.

Veros products and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated and secured valuations, fraud and disaster risk detection, portfolio analysis, forecasting and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif.

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