Transcript Foreclosures in the Nation's Capital

Foreclosures in the Nation’s Capital:
Using Data to Inform
Regional Foreclosure Response
Presented by:
Peter A. Tatian, The Urban Institute/NeighborhoodInfo
DC
For the :
Regional Foreclosure Response & Data Tools on
Foreclosure-Response.org Webinar
March 24, 2010
Figure 1: Foreclosure Inventory Remains High in the Region, but
Growth Has Slowed
20,000
Number of First-Lien Mortgages in Foreclosure
in the Washington, D.C. Metropolitan Area
18,000
16,000
Subprime
14,000
Prime
Alt-A
12,000
Government
10,000
8,000
6,000
4,000
2,000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
0
2007
2008
SOURCE: Urban Institute analysis of data from LPS Applied Analytics, formerly McDash Analytics, LLC.
2009
Figure 2: Foreclosure Rates Highest in
Eastern and Outer Suburbs
Foreclosure Rate
by ZIP Code, September 2009
0.0 to 2.5%
2.5 to 4.5%
4.5 to 6.5%
More than 6.5%
Limited or Missing Data
Interstate Highways
Source: Data from Urban Institute analysis of LPS Applied Analytics,
formerly McDash Analytics, LLC.
Figure 5: Share of All Mortgages in Trouble, September 2009
Arlington County, VA
Alexandria City, VA
Percent of Loans 30- 89 Days Delinquent
Fairfax County, VA
Percent of Loans that are 90 or More Days Delinquent
Montgomery County, MD
Percent of Loans that are in the Foreclosure Inventory
Loudoun County, VA
District of Columbia
Frederick County, MD
Clarke County, VA
Calvert County, MD
Fauquier County, VA
Stafford County, VA
Prince William County, VA
Warren County, VA
Jefferson County, WV
Spotsylvania County, VA
Manassas City, VA
Charles County, MD
Prince George's County, MD
0
5
10
15
SOURCE: Urban Institute analysis of data from LPS Applied Analytics, formerly McDash Analytics, LLC.
20
25
5,000
4,500
4,000
Renter Households
Owner Households
3,500
3,000
2,500
2,000
1,500
1,000
500
09
20
08
20
07
20
06
20
05
20
04
20
03
0
20
Estimated Number of Households in Properties in the Foreclosure Inventory
Figure 3: About Half of the District's 4,800 Households Affected
by Foreclosure Are Renters
SOURCES: Data from the District of Columbia Recorder of Deeds Online Public Records, and the Office of Tax and Revenue.
NOTE: Rental apartment buildings with fewer than five units are estimated to have three households, and those with five or more units are
conservatively estimated to have five households.
http://www.neighborhoodinfodc.org/foreclosure/
Weekly Lists of Foreclosure Filings