Economic Indicators for the 10th District

Tenth District Foreclosure Rates
Rising interest rates and adjustable rate mortgages have heightened concern about delinquency and default among homeowners throughout the nation. The Community Affairs Department at the Federal Reserve Bank of Kansas City has obtained data from the Mortgage Bankers Association on the foreclosure and near-foreclosure rates for all home mortgage loans in the 10th District. Near-foreclosure is defined as mortgage payments that are 90 days or more past due. Data on all loans is available from 1979 to present. In these charts, the index of near-foreclosures and foreclosures was set to 100 for the first quarter of 2000. An index greater than 100 means that delinquency or foreclosure is higher than it was in 2000. The line on the chart shows the index line so that the reader has a point of reference for each quarter.