The Federal Reserve System announced the availability of a set of dynamic maps and data that illustrate subprime and alt-A mortgage loan conditions across the United States.

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 maps and data can be used to assist in the identification of existing and potential foreclosure hotspots. This may assist community groups, which can mobilize resources to bring financial counseling and other resources to at-risk homeowners.

Policymakers can also use the maps and data to develop plans to lessen the direct and spillover impacts that delinquencies and foreclosures may have on local economies. Local governments may use the data and maps to prioritize the expenditure of their resources for these efforts.

Monthly updates are planned.

The maps show the following information for subprime and alt-A loans for each state and most of the counties and zip codes in the United States:

• Loans per 1,000 housing units,
• Loans in foreclosure per 1,000 housing units,
• Loans real estate owned (REO) per 1,000 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-plus 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 reset in the next 12 months, and
• Share of loans with a late payment in the past 12 months.

To access the Maps, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.