Friday, May 16, 2008

Nonprime Mapping

The Federal Reserve Bank of New York has posted some Dynamic Maps of Nonprime Mortgage Conditions in the United States. Lets take a look at the New Jersey numbers -

Loans per 1000 housing units - 21.8
In foreclosure per 1000 housing units - 2.7
REOs per 1000 housing units - 0.4
Share ARMs - 68.7%
Share Current - 60.8%
Share 90 days delinquent - 9.0%
Share in foreclosure - 12.5%
Median combined LTV - 83.3%
Share low FICO & high LTV - 7.4%
Share low or no documentation - 44.0%
Share ARMs resetting in 12 months - 40.3%
Share late payment last 12 months - 52.6%

Further analysis can be done on a county-by-county basis.

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