Unemployment And Foreclosure Rates State By State

[Ed The Roofer]

Here is the foreclosure rate statistics for this summer so far.....

http://www.cnn.com/SPECIALS/2009/map.economy/index.html



and the unemployment rates for each state, with historic highs and lows for comparison.....

http://www.bls.gov/web/lauhsthl.htm



It is just a bit less than 1/3rd of 1% for the actual foreclosures, but how many additional are in the soon to be and just starting to fall behind category as well?



Now, with summer nearly over, moving on to fall, with optimism very low for the annual Christmas upswing, similar to what it was last year, and then the typical winter time slump in nation-wide construction for those that are still hanging on, will next spring be a blossoming of the fruits we have all worked for and a light at the end of the tunnel or will the gopher see his economic shadow once again and lurk back into the dark crevices of the dingy hole?



Ed



.

[Ed The Roofer]

Okay, I found out my answer to the ones that are behind in their mortgages.

A "SUBSTANTIALLY HIGHER" percentage than those that are actually in foreclosure already.....

Using a random guestimate of .03% of actual foreclosures as compared to 9.4% who are behind, do you think the statistical comparison is equal to other economic times, where the dilinquencies are around 28 times greater than the actual current reality?

Ed







http://money.cnn.com/2009/08/20/real_estate/Mortgage_delinquenciies_keep_rising/index.htm?postversion=2009082012

4 million home loans are delinquent

Mortgage lenders say the flood of foreclosures has not yet crested. Highwater mark should come this fall.

By Les Christie, CNNMoney.com staff writer

Last Updated: August 20, 2009: 5:46 PM ET


.staticLauncher {width:218px;border:1px solid #e8e8e8;} .staticLauncher a {font:normal 12px Arial; text-decoration:none;} .staticLauncher a:hover {text-decoration:underline;} .staticLauncher .staticLauncherHeader {clear:both; color: #000; font:bold 22px Arial;padding:14px 10px 5px 10px; letter-spacing: -1px;} .staticLauncher .imageContainer {width:218px;height:120px;} .staticLauncher .imageContainer img {display:none;position:absolute;} .staticLauncher .imageContainer img.show {display:block;} .staticLauncher .launcherHedDek {font:normal 12px Arial;padding:7px;} .staticLauncher .launcherHedDek .launcherHed {padding-bottom:5px;} .staticLauncher .launcherHedDek .launcherView {display: inline;} .staticLauncher .launcherHedDek .launcherView a {text-transform: capitalize;} .staticLauncher .staticLauncherMore {float:right;}Map
http://i2.cdn.turner.com/money/news/storysupplement/economy/gapmap/unemployment_map_launcher.jpg (http://money.cnn.com/news/storysupplement/economy/gapmap/index.htm) Where does your state rank? (http://money.cnn.com/news/storysupplement/economy/gapmap/index.htm)
Americans everywhere are feeling the recession's pain – some more than others. View map (http://money.cnn.com/news/storysupplement/economy/gapmap/index.htm)





Life after foreclosure (http://money.cnn.com/galleries/2009/real_estate/0908/gallery.Life_after_foreclosure/index.html)
After losing their homes, these 4 families thought they'd never recover. They've found it difficult to rent and their credit is wrecked, but life is looking up. (http://money.cnn.com/galleries/2009/real_estate/0908/gallery.Life_after_foreclosure/index.html)



Is Obama's foreclosure rescue plan working? (http://money.cnn.com/galleries/2009/real_estate/0906/gallery.Obama_making_home_affordable_experience/index.html)
Homeowners in trouble are having mixed results applying for President Obama's foreclosure prevention plan. CNNMoney.com readers tell us their tribulations and triumphs trying to get their loans modified or refinanced.




NEW YORK (CNNMoney.com) -- The number of Americans who have fallen at least 30 days behind on their home loan payments jumped 44% in the second quarter from a year ago, according to an industry report.


That puts delinquencies at a record 9.24% of mortgages, according to the National Delinquency Report from the Mortgage Bankers Association (MBA). That represents more than 4 million of the 45 million borrowers covered by the report.