map of nonprime mortgages

[acurawsu]

The NY Fed has started to offer a dynamic map of nonprime Mortgage Conditions in the United States.

Linky:
Dynamic Maps of Nonprime Mortgage Conditions in the United States
http://www.newyorkfed.org/mortgagemaps/

[Ubersalad]

All that unnecessary graphic and long load time is killing me!!!

But very interesting page and if only I can view the source directly.

[acurawsu]

It's slow for me also. If I'm not mistaken, that page was only posted today. With the press release about it sent this morning. The site may be experiencing extra heave traffic due to the "slash dot" effect.

[Alan]

Wow!

Stats for WA:
ARMs 71%
Delinquent 5.6%
In Foreclosure 4.8%
Median LTV 90%
low FICO or high LTV 12%
low or no doc 27%
ARM resets in 12 months 42%
Late payment in last 12 months 37%

[Ubersalad]

That's not correct, that's more like a certain city in WA. Anyhow, damn thing is too slow and I rather see source!

Plus that's for subprime as oppose to alt-a or A loan. I don't think it offers statewide data.

[Alan]

I put in my zip code and that is the data it gave me. If that is actually local data then maybe Bellevue isn't such a great place to own property after all.

[perfectfire]

You can switch between Alt-a and subprime.

[Dave0]

I don't think this data is all that crazy. Keep in mind that all those "share" percentages are out of subprime/alt-a owner occupied loans only. So the data Alan posted is saying 4.8% of subprime owner occupied loans are in foreclosure, 71% of subprime owner occupied loans are ARMs, etc. It also shows that 2.42% of the Washington's housing units are subprime owner occupied loans ("Loans per 1000 housing units: 24.2"). Thus, 0.11616% of Washington housing units are subprime owner occupied loans in foreclosure. It's not good, but it's not that bad either.

[sniglet]

The most interesting piece of data from this site is the number showing that only 75.1% of Washington non-prime mortgages are current. Are 24.9% of all Washington non-prime mortgages in some form of delinquency (94.2% of Alt-A loans are current)?

Wow! And Washington state has barely seen any depreciation yet. As appreciation rates slip deeper into negative territory those delinquencies are going to skyrocket, just have they have everywhere else.

[rose-colored-coolaid]

[Ubersalad]

[EconE]

I'd like to see a map that had all the "kinky" mortgages in general. Were there "prime" option ARMs, I/O, Stated income etc?

I'd also like to break it down by year to see what the % of these types of loans were used for 2004-2007 so we aren't including all the people that may have purchased 10+ years ago. These statistics also include people who are paying the last year of their 30 year fixed from a 1978 purchase.

[Ubersalad]

[rose-colored-coolaid]

[Ubersalad]

In simple term...live, eat, drink and die. Rest is beyond you and I.