Saturday, May 25, 2013
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— The Radness of King George
'Game of Thrones' mastermind George RR Martin talks childhood, popcorn and his latest acquisition
— The Canary in the Copper Mine (is dead)
How New Mexico's copper industry wrote its own rules
— Slaughterhorse-Five
The inner workings of NM’s first equine slaughterhouse
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Letter America: Dear Southwest Airlines

Letter America Dear Southwest Airlines, I’m writing to complain about the unfair way I was treated on a recent flight from San Francisco to Phoenix. ... More

May 20, 2013 By Robert Wilder Comments 5
 
 
 

 

 
News 12.23.2009 0 Comments

Debt Servitude In Santa Fe: A Visual Overview, With Numbers

By Corey Pein
SFR's year-end issue has a brief overview of how New Mexico and Santa Fe County fared economically in 2009. The short answer is, worse than was reported.

Here's a little holiday bonus: Background research. These cold numbers may be small consolation if you're among the unemployed, or the employed-but-broke, but then again, at least you'll know you're not alone.

The map below links to the New York Fed's nationwide "credit conditions" data, where you can see how Santa Feans are doing when it comes to repaying their credit cars, student loans and mortgages on time.

nyfedbanks

But wait, there's more.



These Excel spreadsheets have loads of state-by-state data on the performance of non-prime mortgage loans. Right-click to download them here (subprime loans) and here (alt-A loans). They show that 8.1 percent of alt-A (read: slightly better than subprime) mortgages, and 10.5 percent of subprime mortgages in New Mexico are in foreclosure.

Curiously, they also show that New Mexicans are paying relatively high interest rates on their mortgages.

Theories, anyone? Explanations? Gripes?
 
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