Online Maps For Problem Mortgages Now Available

Reuters reports:

• The Federal Reserve System on Tuesday said it was offering online maps that illustrate subprime and near-prime mortgage loan conditions across the United States, and show "existing and potential foreclosure hotspots". The maps, available at www.newyorkfed.org/mortgagemaps/, display regional variation in the condition of securitized, owner-occupied subprime and Alt-A mortgage loans.

• "This may assist community groups which can mobilize resources to bring financial counseling and other resources to at-risk homeowners," the Fed said in a statement. "Policymakers can also use the maps and data to develop plans to lessen the direct and spillover impacts that delinquencies and foreclosures may have on local economies."

For more, see Fed offers maps showing "foreclosure hotspots".