The Federal Reserve considers the record rate of mortgage delinquencies, foreclosures and their impacts on communities an urgent problem. The New York Fed uses its expertise and knowledge to provide detailed data on U.S. credit conditions to the public to establish a body of factual data for use in forming policy decisions and developing mortgage foreclosure mitigation efforts.
The website, which also tracks other measures of consumer credit, including auto loans, student loans, and bank loans, is intended to help "government agencies, community groups, commercial institutions and other practitioners better understand, monitor and respond to local conditions associated with foreclosures and credit and mortgage delinquencies.
(The New York Fed's site has full data on each county.)
Red indicates counties where delinquencies have worsened, green indicates areas where conditions have improved, and the gray shading indicates areas where there has been no change. See extended comments at Huffington Post:
No comments:
Post a Comment