CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Businesses & Jobs

Housing & Homeownership

Health Care

Education

CFED Assets & Opportunity Scorecard

Foreclosure Rate

Definition

Percentage of mortgage loans in foreclosure, Quarter 3, 2011.

Description

As of October 2010, 2.5 million homeowners have been foreclosed upon, and another 5.7 million are at imminent risk of foreclosure, according to the Center for Responsible Lending. Along with displacing families from their homes, foreclosure is a devastating experience for a household’s finances. As the foreclosure crisis continues to linger, this measure is an important indicator of financial distress for households. When combined with the percentage of delinquent mortgage loans, this measure can paint a broad picture of which states have been more severely affected by the foreclosure crisis.

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Foreclosure Rate

StateForeclosure Rate (%)Rank
United States  4.43%   
Alabama  1.95%  10 
Alaska  0.93% 
Arizona  3.86%  36 
Arkansas  1.85% 
California  3.66%  33 
Colorado  2.10%  12 
Connecticut  4.81%  43 
Delaware  4.03%  39 
District of Columbia  3.11%  24 
Florida  14.49%  51 
Georgia  3.20%  26 
Hawaii  4.71%  42 
Idaho  2.77%  20 
Illinois  7.29%  48 
Indiana  4.86%  44 
Iowa  2.82%  21 
Kansas  2.37%  16 
Kentucky  3.88%  38 
Louisiana  3.52%  32 
Maine  5.67%  46 
Maryland  3.71%  35 
Massachusetts  2.87%  22 
Michigan  3.30%  27 
Minnesota  2.66%  19 
Mississippi  3.33%  28 
Missouri  2.00%  11 
Montana  1.76% 
Nebraska  1.48% 
Nevada  7.89%  49 
New Hampshire  2.43%  17 
New Jersey  8.08%  50 
New Mexico  3.87%  37 
New York  5.67%  46 
North Carolina  3.08%  23 
North Dakota  1.09% 
Ohio  4.92%  45 
Oklahoma  3.16%  25 
Oregon  3.69%  34 
Pennsylvania  3.38%  29 
Rhode Island  4.27%  40 
South Carolina  4.40%  41 
South Dakota  1.63% 
Tennessee  2.60%  18 
Texas  1.90% 
Utah  2.35%  15 
Vermont  3.38%  29 
Virginia  1.85% 
Washington  2.24%  14 
West Virginia  2.14%  13 
Wisconsin  3.45%  31 
Wyoming  0.99% 

Source

National Delinquency Survey: Q3 2011. Washington, DC: Mortgage Bankers Association, 2011.

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