Archive of Updated Foreclosure Maps - Seventh District
The Chicago Fed’s Community Development & Policy Studies Department (CDPS) has developed a series of maps and charts to identify the ZIP codes (and communities) in the Seventh District facing the highest rates of foreclosure and mortgage delinquency. The maps and charts show data as of 2010:3Q in each of the five states in the District (Illinois, Indiana, Iowa, Michigan and Wisconsin) and compare conditions to 2008 when CDPS developed its first set of foreclosure maps.
Overall, the data shows that the foreclosure crisis has not abated in the Seventh District. Foreclosure and delinquency rates have continued to rise in each of the states. The contrast maps indicate that rising foreclosures affect an overwhelming majority of ZIP codes. The charts further illustrate that the entire distribution of foreclosure rates within a state has shifted to the right, such that even ZIP codes with relatively low foreclosure rates in 2010 have generally higher rates than the low-rate ZIPs from 2008. On the other hand, real-estate-owned (REO) rates have tended not to increase across the District. Vacancies have also tended to remain stable in the states across the District.
The overview for each state includes:
- A heat map of foreclosure inventory rates. These maps show the communities in each state with the highest foreclosure rates (conditioned on having a minimum of 50 loans in the ZIP code in 2008). The ZIP codes with the highest foreclosure rates are presented in red.
- A contrast map showing the percentage point changes in foreclosure rates between 2008 and 2010. These maps contrast the ZIP codes where the foreclosure rates have risen with the ZIP codes where the foreclosure rates have fallen or remained the same.
- A chart comparing the distribution of foreclosure rates by ZIP code in 2008 and 2010.
- A heat map of delinquency rates. These maps show the communities in each state with the highest delinquency rates (conditioned on having a minimum of 50 loans in the ZIP code in 2008). The ZIP codes with the highest delinquency rates are presented in red.
- A chart comparing the distribution of delinquency rates by ZIP code in 2008 and 2010.
- A contrast map showing the percentage point changes in REO rates between 2008 and 2010. These maps contrast the ZIP codes where REO rates have risen with the ZIP codes where REO rates have fallen or remained the same.
- A contrast map showing the percentage point changes in vacancy rates between 2008 and 2010. These maps contrast the ZIP codes where vacancy rates have risen with the ZIP codes where vacancy rates have fallen or remained the same.
The data sources are Lender Processing Services (LPS) Applied Analytics and HUD Aggregated USPS Administrative Data on Address Vacancies.
For information on each individual state, please click on the states listed below:
A variety of efforts are taking place across the District to reduce the number of foreclosures. Governmental agencies and other organizations have implemented programs to combat foreclosures and help families stay in their homes. These efforts include call-in services for homeowners, financial education, task forces to review foreclosure fraud, support for the purchase of foreclosed homes, payment assistance for qualified homeowners and collaboration with lenders and other financial institutions.
