A Map of the Subprime World
An interesting illustration of subprime mortgage data can be found at the New York Federal Reserve Bank’s website, which features a number of dynamic maps, currently based on December 2007 data.
The maps allow you to zoom in by state or zipcode to see the percentage of subprime and Alt-A mortgages that are, for example, current, delinquent, in foreclosure, and so on. Of note is the high percentage of subprime loans that are ARMs and low or no documentation loans, often between a third and two thirds of all subprime mortgages.
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