I recently downloaded FHA serious delinquency (90+ days) single family loan data from the end of March.
My analysis found 65,177 US census tracts with 1 or more serious delinquencies, and of those there were 28,009 census tracts with 11 or more serious delinquencies.
Because the values for census tracts with 10 or less delinquencies were suppressed for privacy reasons, I constructed a nationwide map of just those 28,009 census tracts with 11 or more serious FHA delinquencies.
Nationally those 28,009 census tracts had a total of 762,260 seriously delinquent FHA loans; the outstanding loan balance for those loans was more than $126 BILLION.
In Oregon the 222 census tracts with 11 or more serious delinquencies had a total of 3,741 serious delinquencies and the outstanding loan balance was more than $790 Million.
Note that these counts and loan balances do NOT include seriously delinquent loans in census tracts with 1-10 serious delinquencies. There are more than 37,000 of those census tracts nationally and 523 in Oregon alone.
The map of census tracts with 11 or more serious delinquencies is HERE and embedded below. (It may take a few seconds to fully load so be patient).
The value shown in each census tract (with 11 or more serious delinquencies) is the number of serious delinquencies as of March 31, 2021.
IF you click on an individual census tract a menu with additional information appears. It includes information on series delinquency counts from early quarterly periods and for the seriously delinquent loans information on the original FHA loan amounts and the remaining FHA loan balance for each quarterly period.
Heads Up:
Look for a future post with tables of state information on counts of census tracts with FHA single family serious delinquencies and estimated counts of FHA total serious delinquencies with the outstanding mortgage balance of those delinquencies.
Originally created and posted on the Oregon Housing Blog.
No comments:
Post a Comment