A mortgage picture
The Federal Reserve Bank of Richmond, which oversees an area that includes both metros, has put together maps with LoanPerformance data that show the subprime and "Alt-A" mortgage situation in the wider region. Subprime loans were designed (if not always given) to people with poor credit or high debt, while so-called Alternative A loans were in the gray area between subprime and traditional products.
For a map showing the percentage of homeowners more than 90 days behind on their subprime mortgages, click HERE.For a map showing the percentage of homeowners more than 90 days behind on their Alt-A mortgages, click HERE.
Thanks to the Fed for sharing.