Mortgage Lending Patterns as of August 2011

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For this edition of our data brief, we look at how loans are faring 12 months after they enter foreclosure, and compare results from two time periods: those entering foreclosure in the first half of 2009, and those entering in the first half of 2010. We include the pool of loans in the database from the four states in our district. Results are graphed at right, and our findings summarized below.

Figure 1

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Map 1

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Figures 2 & 3

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Additional charts and maps

These data briefs, produced by the Federal Reserve Bank of Cleveland's Community Development team, provide periodic snapshots of mortgage lending activity and foreclosure patterns in our District using recently published data (check out this detailed, county-specific map of the 4th District). Delinquency and foreclosure data are from Lender Processing Services (LPS) Applied Analytics. The data include loan level servicing data for both securitized loans and loans held in portfolio from the top 10 residential mortgage servicers in the nation and others. Smaller servicers have less representation.