Statistics, Facts, & Such

Over 1400 individuals in the United States have their identities stolen every day.
United States Secret Service

"Homeownership among 25-to-29-year-olds is now 36%. 30 years ago it was 44%."
Federal Reserve Chairman Alan in speech to ACB, November, 1999

A survey of security officers by Pinkerton revealed the top three concerns are keeping up with technology, working with decreased budgets, and communicating security concerns to upper management.
Security Management, November, 1999

The Mortgage Bankers Association Mortgage Market History shows servicing outstanding: Government $622 billion and Conventional $3,778 billion.
Source: MBA

The large, top 25 lenders in the country serviced 51% of the residential loans in 1998.
Mortgage Servicing News, November, 1999

Subprime mortgage delinquencies in the United States at the end of the second quarter of 1999 were highest in the mid-Atlantic region, where 5.53% of subprime loans were over 60 days past due. Of the nine divisions, the lowest number of delinquencies was 3.54% in the New England region.
Mortgage Information Corporation, November,1999

The Federal Housing Administration insures some six million mortgage loans totaling almost $475 billion dollars in outstanding principal. The FHA commissioner said that a typical FHA foreclosure costs about $30,000.
Mortgage Servicing News, November, 1999

2.09% of all home equity loans were listed as delinquent at the end of the second quarter of 1999.
ABA Consumer Credit Delinquency Bulletin

Copyright © 1999 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 9, No. 11, 11/99