Federal Reserve Bank of New York – May 12, 2008

The Federal Reserve System is now offering a new tool that presents a clearer statistic picture of the impact of subprime mortgage conditions through out the country. These dynamic interactive maps show conditions and density of owner-occupied subprime mortgage loans for the states, counties, and zip codes in the United States. The maps are based on data for owner-occupied mortgage loans that have been securitized into a product that is categorized as subprime, based on the grade assigned to the security. The underlying data was first date December, 2007 -- but will be updated periodically by the Federal Reserve.

Functions: A dozen separate functions are available by setting your computer’s cursor on the listings in the right column of the map. Users can obtain the following information regarding subprime loans:

• Loans per 1000 housing units
• In foreclosure per 1000 housing units
• REOs per 1000 housing units
• Share ARMs
• Share current
• Share 90 + days delinquent
• Share in foreclosure
• Median combined LTV
• Share low FICO and high LTV
• Share low or no documentation
• Share ARMs resetting in 12 months
• Share late payment last 12 months

State/County Data – by clicking on each state you can obtain the above data by state -- and by clicking on the county within the state you can receive specific county information.

To access the Interactive map provided by the Federal Reserve Bank of New York go to:  http://www.newyorkfed.org/mortgagemaps/