TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/442484
Th e M Rep o RT | 55 O r i g i nat i O n s e r v i c i n g a na ly t i c s s e c O n da r y m a r k e t ANALYTICS around the u. s. Source: American Enterprise Institute, CoreLogic, Arch Mortgage Insurance State Mortgage riSk index ( three-Month average in october) arch Mi riSk index (Q2) calculated risks Undoubtedly, the housing market's vital signs have been growing stronger since the crash. even so, "fragile" remains the description of choice for most commentators. This month, we examine data on mortgage application fraud risk (courtesy of CoreLogic), risk of home price downturns in the next two years (from Arch MI), and mortgage loan risk (from the American enterprise Institute). Taken together, these numbers help chart the areas where the recovery could potentially go wrong. Mortgage application Fraud riSk (Q2) Florida 11.5% 258 35 Nevada 12.9% 187 18 New York 10.0% 159 36 Rhode Island 12.7% 154 18 Hawaii 8.8% 148 9 New Jersey 10.4% 145 28 Georgia 12.1% 138 10 Illinois 10.5% 135 8 Oklahoma 12.2% 126 3 California 11.3% 120 18 Maryland 12.2% 119 18 New Mexico 11.9% 119 7 Connecticut 10.6% 112 17 District Of Columbia 7.0% 112 16 Mississippi 14.3% 112 7 Tennessee 11.6% 112 7 Delaware 10.8% 101 7 North Carolina 10.3% 101 3 Washington 10.6% 99 6 Oregon 9.3% 96 7 Idaho 11.5% 95 5 Michigan 11.4% 94 6 Texas 12.5% 93 4 Arkansas 12.2% 91 5 South Carolina 11.1% 91 4 Kansas 11.1% 88 3 Virginia 10.6% 88 8 Massachusetts 9.6% 87 10 Missouri 11.7% 87 6 Vermont 8.8% 87 2 Alabama 12.3% 85 4 Colorado 10.8% 85 4 Ohio 12.0% 84 3 Arizona 12.6% 82 12 Utah 12.2% 82 3 Indiana 12.4% 81 4 Louisiana 13.5% 81 5 Pennsylvania 11.2% 79 7 New Hampshire 11.2% 75 8 Nebraska 10.7% 68 2 Minnesota 10.2% 66 4 Maine 11.1% 65 9 Montana 10.3% 65 4 Iowa 10.2% 63 2 Kentucky 12.3% 62 5 Alaska 11.3% 61 6 North Dakota 9.6% 57 1 Wyoming 11.5% 57 3 Wisconsin 9.6% 56 3 West Virginia 13.1% 40 3 South Dakota 10.4% 24 2