The Federal Reserve Bank of New York. Has released an interactive mortgage map. This map actually tracks foreclosures in markets all over the country. The stats are for December 2007 and we are told that there will be monthly updates. The thing I found interesting right off the bat was that it not only tracked subprime but AltA loans as well.
The Mortgage Bankers Association reports..."The maps, which are maintained by the Federal Reserve Bank of New York, will display regional variation in the condition of securitized, owner-occupied subprime, and alt-A mortgage loans."
The map only focuses on owner-occupied properties. I think it would be interesting to see an overlay available for non-owner occupied properties as well.
You can check out the map here (or click the image). For information on Foreclosure resources for consumers go (here).
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1 hour ago
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