The Federal Reserve Bank of New York today released expanded data on consumer credit conditions in the United States. The data now constitutes one of the most robust sets of publicly available data on mortgage delinquencies and foreclosures.
Data released today include information on prime and jumbo mortgages, as well as detailed data on Freddie Mac, Fannie Mae, Federal Housing Administration and Veterans Affairs loans. In addition, the coverage is extended to the state and county level for most series and U.S. averages are now available for benchmark comparisons.
This information is aimed at helping government agencies, community groups, commercial institutions and other practitioners better understand, monitor and respond to local conditions associated with foreclosures and credit and mortgage delinquencies. “The deterioration in the labor markets and the continuing high level of unemployment has broadened the weakness in the housing market from subprime loans to the more numerous prime and jumbo loans,” said Erica Groshen, vice president and director of Regional Affairs at the New York Fed. “By providing greater access to these data we hope a variety of stakeholders will be better equipped in dealing with foreclosures and credit and mortgage delinquencies.”
The U.S. Credit Conditions section of the New York Fed’s website offers interactive maps as well as data on auto and student loan delinquencies, foreclosures, mortgage delinquencies and mortgage “roll” rates for subprime and alt-A mortgages. Data is updated on a regular basis. To be notified whenever the web page is updated, users can sign up for RSS feeds and e-mail alerts.
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NY.Fed.Media.Relations@NY.frb.org