Tuesday, July 7, 2009

NY Fed Interactive Map of Q1 Mortgage Delinquencies


The Federal Reserve Bank of New York has made the first quarter 2009 data regarding mortgage payments that are 90+ days delinquent available in an interactive map (county-by-county) on their website here.

Even with all the foreclosures that have occurred over the past few years, there are counties in Minnesota where the 90+ days delinquent is over 5%! One in 20 mortgages!

Here are the percentages of mortgages reported as 90+ days delinquent during the first quarter of 2009 for the 7-County Twin Cities Metro area:


  1. Anoka ............ 3.76 %
  2. Scott ............ 3.61 %
  3. Ramsey ............ 3.28 %
  4. Hennepin ............ 3.03 %
  5. Dakota ............ 2.75 %
  6. Washington ............ 2.44 %
  7. Carver ............ 2.33 %
County with the highest percentage of 90+ days delinquent mortgages?
- - - Isanti County ............ 5.3 %

County with the lowest percentage of 90+ days delinquent mortgages?
- - - Redwood County ............ 0.36 %


The interactive map ALSO tracks, using TransUnion data, the 60+ day delinquency rate on bank-issued credit cards. If the 60+ day delinquency rate is a leading indicator of future mortgage foreclosure (and it probably is, as struggling homeowners load their credit cards while trying to make mortgage payments) Minnesota is still in for a long haul with future foreclosures.

If you're struggling with your mortgage payments... don't despair. HELP IS AVAILABLE. Click here for more information.

No comments:

Post a Comment

This is a moderated blog. That means all comments will be reviewed before posting. In addition, we expect that participants will treat each other, as well as the Center, our Counseling Network and other partners, with respect. We will not post comments that contain vulgar or abusive language; personal attacks of any kind; any offensive terms; spam; are clearly “off topic” or that promote services or products. Comments that make unsupported accusations will also not be posted.