Bank Cards and Mortgage Delinquency Maps Second Quarter 2008

Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Who We Are
  - Bank Leadership
  - Diversity and Inclusion
- Communities We Serve
- Governance
- More About Us
- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  Do you have a request for information and records? Learn how to submit it.
  
  Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
Markets & Policy Implementation

Economic Research
- Economic Research
- U.S. Economy
  - Consumer Expectations & Behavior
  - Growth & Inflation
  - Labor Market
  - Financial Stability
  - Banking
- REGIONAL ECONOMY
- RESEARCHERS
  - PUBLICATIONS
  - RESEARCH CENTERS
  - CALENDAR

Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

Press Release

Bank Cards and Mortgage Delinquency Maps Second Quarter 2008

November 25, 2008

NEW YORK—The Federal Reserve Bank of New York today released the Second Quarter 2008 Bank Card and Mortgage Delinquency Maps.

Over the 12 months ending in June 2008, bank credit card 60+ day delinquency rates increased in 60 percent of US counties covered (1,715 of the 2,837 counties covered) and mortgage 90+ day delinquency rates increased in 74 percent of US counties covered (2,106 counties).

Counties with high mortgage delinquency rates also tended to have high credit card delinquency rates. That is, counties’ bank card and mortgage delinquency rates were moderately positively correlated (correlation coefficient of +0.37).

In most counties, mortgage delinquencies worsened more rapidly than did bank card conditions. In 71 percent of counties covered (2,014 counties), mortgage delinquency rates increased more (in percentage points) than their bank card delinquency rates. In 125 counties bank card delinquency rates doubled or more in the past 12 months, while 803 counties’ mortgage delinquency rates increased by double or more. Quarter-to-quarter changes were not compared due to seasonal influences.

This release is part of the Federal Reserve System’s Homeownership and Mortgage Initiatives. The Bank expects this information to help regional community groups and policymakers to better understand, monitor and address local conditions related to credit and mortgage delinquencies and foreclosures. The source of the data is the credit reporting agency, TransUnion, LLC and its Trend Data database. The smallest 10 percent of counties, by population, are not covered.

Bank card and mortgage delinquency maps ››

Contact
Media Relations
NY.Fed.Media.Relations@NY.frb.org

By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.