Mortgage Lending Patterns as of June 2013

(PDF)

Underwater loans, home prices, and refinancing rates:

Figure 1 

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Figure 2

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Figure 3

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Figure 4

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1 To estimate the number of underwater loans we compare the current value of the home to the current loan balance; those who owe more than the home’s value are considered to be underwater. A more in-depth explanation can be found here.


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.