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April 2, 2008

Subprime and exotic loans: A bird's eye view

The Federal Reserve Bank of New York has a new tool that lets you look at a map of the country -- or specific ZIP codes -- color-coded by the number of subprime or "Alt-A" loans made, the number in foreclosure and the like.

Click HERE to check it out.

McClatchy Newspapers, which wrote about the data, says the site will be updated monthly:

The Federal Reserve hopes that by providing online access to maps and data about non-prime mortgages down to levels as specific as ZIP codes, it’ll be easier to identify potential and current problem spots for foreclosures.
Posted by Jamie Smith Hopkins at 10:25 AM | | Comments (0)

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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