New Breakout of Oregon HAMP Loan Modifications by MSA.

I have constructed a new set of tables that show by Oregon MSA, all HAMP loan modification data from December 2009 through March of 2010. I think this is the first time this data has been consolidated for all months, for all Oregon MSA's.

The tables HERE allow readers to see, for each MSA, how many loan modifications have been completed each month, and the % change during that month. In addition to CHANGE data, the tables also show the inventory of loan modifications by category for each month.

The table pasted below extracted from the linked tables focuses on the CHANGE in loan modifications by category during the most recent month, March 2010.

Some observations:

• Bend, Eugene, and Medfor MSA's had about the same number of permanent loan mods in March; Salem had a few more than these MSA's.
• Corvallis had very few loan modifications during March.
• Portland's MSA data includes Clark and Skamania county in Washington state, so don't add across to get to a MSA total as that will include some loan mods in Washington state.
• This data MAY be useful in assessing Hardest Risk areas of the state, and in helping to focus on areas of the state where loan modifications are taking place. (Perhaps one day OHCS will be able to pry out of Treasury the actual loan level data used to sum up to these MSA levels--lender loan modification database includes geo identifiers down to census track level).
  

Metric	OREGON	Bend	Corvallis	Eugene-Springfield	Medford	Portland-Vancouver-Beaverton	Salem
March-Feb Trial Loan Mod Chg	(480)	(36)	6	(43)	(35)	(327)	(63)
March-Feb Permanent Loan Mod Chg	630	52	2	49	53	414	68
March-Feb TOTAL Loan Mod Chg	150	16	8	6	18	87	5
March-Feb Trial Loan Mod Chg	-5%	-4%	10%	-6%	-5%	-5%	-7%
March-Feb Permanent Loan Mod Chg	31%	23%	25%	33%	27%	29%	39%
March-Feb TOTAL Loan Mod Chg	1%	2%	11%	1%	2%	1%	0%

Originally created and posted on the Oregon Housing Blog.