The Federal Reserve Bank of New York today released data describing subprime and alt-A mortgages for the majority of zip codes in New York State, New Jersey and Connecticut. Zip code level data on securitized alt-A mortgages for Puerto Rico are also included. The data are drawn from reports by the Board of Governors of the Federal Reserve System based on the LoanPerformance ABS Loan Level Data Set.
The Federal Reserve System on Tuesday announced the availability of a set of dynamic maps and data that illustrate subprime and alt-A mortgage loan conditions across the United States.
The maps, which are maintained by the Federal Reserve Bank of New York, will display regional variation in the condition of securitized, owner-occupied subprime and alt-A mortgage loans. The maps and data can be used to assist in the identification of existing and potential foreclosure hotspots. This may assist community groups, which can mobilize resources to bring financial counseling and other resources to at-risk homeowners.
The Federal Reserve Bank of New York today announced the formation of the Lawyers’ Foreclosure Intervention Network (LFIN), a pro bono pilot program cosponsored by the City Bar Justice Center, the legal services arm of the New York City Bar. Led by director Lynn Armentrout, LFIN has as its mission marshaling the resources of New York City’s legal community to assist New Yorkers facing the prospect of foreclosure.