The landscape of foreclosure
Wondering how foreclosure woes vary across Maryland? This map, put together by the Federal Reserve Bank of Richmond, gives you a snapshot as of September.
The key, in case you're squinting at it, goes from 0 percent to 0.5 percent of loans in foreclosure or on homes taken back by banks (dark green) to more than 2.5 percent (red). Though red is particularly concentrated in Prince George's County and the lower Eastern Shore, it makes an appearance all over, like an angry, contagious rash. The Baltimore area, as you can see, isn't immune.
This is from a new Federal Reserve Bank of Richmond report, which is map- and chart-centric. Here's the PDF, if you'd like to peruse.
A few notable numbers from the report:
24 percent: Maryland subprime adjustable-rate mortgages in the foreclosure process in September. (Not just behind. So behind that lenders were trying to repossess the house.)
8.1 percent: Maryland prime adjustable-rate mortgages in the foreclosure process in September -- 14th highest in the nation.
When do you think the foreclosure mess will recede?