Mortgage Delinquencies by State: Percent and Number + 5 by 10 states = Before Crisis, Peak and Current

[mEDITate-OR:

not see how low the West Coast and Rocky Mountain states were before the collapse in 07

and then how HIGH they went when they fell.

Late to The Party...

but what a mess there in now.

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As we have regularly pointed out by showing U.S. different charts using the same data

The 1st two charts show severity vs size = percent vs numbers.

In the first chart Nev & Az are near the top in severity, and you have to look, to the far right, for Texas.

In the 2nd chart you DO see Texas with very low foreclosures, but huge late loan numbers.

Something has or is changing

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In the 3rd and 5th charts we something very unusual.

While we all know about the Nev, Cal and AZ sand state collapse caused by bad ARMs and subprime RE loans, what we did NOT expect to see is how LOW foreclosures were back in 2007.

And, that appears to be confirmed with Wa, OR, and Utah in the 3rd chart

and with Idaho in the 4th and Hawaii in the 2nd.

West of the Rockies, foreclosures were few and isolated in 07

Then in 08-9-10 they exploded.

First, in Cal, Nev & Az in 08, then everybody else a year or two later.

Now, while Cal, and Az look to be getting better.

Wa, OR, Id, Utah and Col appear to be getting worse.

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The Far West and the South have been extremely hard hit.

And, the Midwest. But the Northeast has not been, as hard.

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But, for the Far West

they went from very much better...

to very much worse.

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Once again thanks to Bill@CR we can see it clearly now.

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Mortgage Delinquencies by State: Percent and Number
http://www.calculatedriskblog.com/2011/05/mortgage-delinquencies-by-state-percent.html
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Mortgage Delinquencies by State: Before Crisis, Peak and Current
http://www.calculatedriskblog.com/2011/05/mortgage-delinquencies-by-state-before.html
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Mortgage Delinquencies by State: Before Crisis, Peak and Current + 40 states
http://www.calculatedriskblog.com/2011/05/mortgage-delinquencies-by-state-before_20.html
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