Mortgage Meltdown Maps Offered

Central Valley Business Times (CA) (04/02/08)
The Federal Reserve System has posted a set of dynamic maps and data on the Internet that shows subprime and alt-A mortgage conditions nationwide, including such information as share of loans in foreclosure, median combined loan-to-value ratio at origination and share of adjustable-rate mortgages with interest re-sets scheduled for the coming 12 months. To be updated on a monthly basis, the color-coded maps display regional variations in the condition of securitized, owner-occupied subprime and alt-A loans, with color intensity correlating to severity of the problem. According to the Fed, the maps and data can be used to help pinpoint existing and future foreclosure hotspots.