Regional Foreclosure Data and Maps
Fourth District Problem Mortgage Market Conditions
The maps on this page provide information about problem conditions in mortgage market in areas of the Fourth District. Similar maps for the Pittsburgh area can be found here.
The data used to create these maps are from True Standings, a First American Company. The loan performance data are provided to TrueStandings by loan servicers on a voluntary basis. According to the TrueStandings, the data capture roughly 80 percent of all prime loans and 45 percent of all subprime loans and are representative samples of the home mortgage loan market as a whole.
Delinquent Loans
The thematic maps below represent the percentage of loans in the zip codes of the Fourth District that were at least 90 days delinquent at the end of March, based on the Mortgage Banker Association’s (MBA) definition of delinquency. According to TrueStandings (the provider of the data), the MBA considers a loan to be 30 days delinquent “if a payment is not received by the end of business on the date preceding the next due date.” A loan is considered 90 days delinquent if payment is not received over the course of three consecutive payment periods. Loans generally stay in this category until the delinquent payments are repaid, the borrower declares bankruptcy or the lender files for foreclosure.
Loans in Foreclosure
The thematic map below represents the percent of loans in the zip codes of the Fourth District that were in the foreclosure process as of the end of March.
Real-Estate-Owned Loans
The thematic map below represents the percent of loans in the zip codes of the Fourth District that were in Real-Estate-Owned (REO) status as of the end of March. REO homes are those which are owned by lending institutions following the foreclosure process.
