1. Mortgage Market Conditions in Maryland R. Andrew Bauer, Ph.D. Regional Economist Baltimore Homeownership Preservation Coalition Forum April 21, 2009

2. Confidential Information 2 Mortgage Market Conditions in Maryland R. Andrew Bauer, Ph.D. Regional Economist April 21, 2009 The views expressed here are those of the author, and do not necessarily represent those of the Federal Reserve Bank of Richmond or the Federal Reserve System.

3. Confidential Information 3 Maryland Foreclosures Source: Mortgage Bankers Association

4. Confidential Information 4 Maryland Delinquencies Source: Mortgage Bankers Association

5. Confidential Information 5 At-risk homeowners Source: First American CoreLogic (December 2008)

6. Confidential Information 6 MD economy has weakened considerably Source: Bureau of Labor Statistics/Haver Analytics

7. Confidential Information 7 Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from February 2008. Uncategorized zip codes have less than 100 total loans, 25 Subprime loans, or have no data available. Maryland & DC: Percentage of Owner- Occupied Loans in Foreclosure or REO 2008

8. Confidential Information 8 Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from February 2009. Uncategorized zip codes have less than 100 total loans, 25 Subprime loans, or have no data available. Maryland & DC: Percentage of Owner- Occupied Loans in Foreclosure or REO 2009

9. Confidential Information 9 Maryland: Percentage of Owner-Occupied Loans that are Subprime Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from January 2009. Uncategorized zip codes have less than one hundred loans or have no data available.

10. Confidential Information 10 Maryland: Percentage of Subprime Owner- Occupied Loans in Foreclosure or REO Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from January 2009. Uncategorized zip codes have less than one hundred loans or have no data available.

11. Confidential Information 11 Maryland: Percentage of Prime Owner- Occupied Loans in Foreclosure or REO Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from January 2009. Uncategorized zip codes have less than one hundred loans or have no data available.

12. Confidential Information 12 Prince George’s County: Percentage of Owner- Occupied Loans in Foreclosure or REO Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from February 2009. Uncategorized zip codes have less than fifty loans or have no data available.

13. Confidential Information 13 Maryland: Percentage of Owner-Occupied Loans 90+ Days Past Due Source: Federal Reserve Bank of Richmond estimates using LPS (Lender Processing Services, Inc) Applied Analytics and Mortgage Banker's Association data. Data from January 2009. Uncategorized zip codes have less than one hundred loans or have no data available.