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.
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