Federal Reserve Announces Dynamic Maps and Data on Nonprime Mortgage Loan Conditions

The Federal Reserve System on Tuesday 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.

 

http://www.ny.frb.org/mortgagemaps/

Your rating: None
Syndicate content