Well, while a plugged-in tipster directed us to the site last week (cheers), another plugged-in reader steals a bit of our thunder and forces a pre-analysis publication by pointing it out this afternoon (yes, cheers as well). It’s the Federal Reserve’s “Dynamic Maps of Nonprime Mortgage Conditions in the United States.”
Our thoughts will now have to follow (hopefully later this week), but a couple of hints as to what to see: December to January changes; San Francisco versus Contra Costa; and Subprime versus Alt-A. Remember, San Francisco is more an Alt-A than Subprime town.
∙ Dynamic Maps of Nonprime Mortgage Conditions in the United States [New York Fed]