New interactive mortgage maps
Very cool new interactive mortgage maps from the NY Federal Reserve.
Different maps display information for subprime and alt-A loans by state, county and zip code including:
Loans per 1000 housing units
Loans in foreclosure per 1000 housing units
Loans real estate owned (REO) per 1000 housing units
Share of loans that are adjustable rate mortgages (ARMs)
Share of loans for which payments are current
Share of loans that are 90+ days delinquent
Share of loans in foreclosure
Median combined loan to value ratio (LTV) at origination
Share of loans with low credit score (FICO) and high LTV at origination
Share of loans with low or no documentation
Share of ARMs with initial rate reset in next 12 months
Share of loans with a late payment in the last 12 months
The map above is the low or no doc map and you can see that California and Florida with a lot of foreclosure activity and it shouldn't surprise you there was a high percentage of these loans in those states.