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Foreclosures are concentrated in particular states both in terms of the number and rate of foreclosure filings. [126] Ten states accounted for 74% of the foreclosure filings during 2008; the top two (California and Florida) represented 41%. Nine states were above the national foreclosure rate average of 1.84% of households. [127]
In 2014, Popular Community Bank sold many of its mainland United States branches in Central Florida, Illinois and Southern California to cut costs and shore up its reserves against losses caused by foreclosures and the recession in Puerto Rico. [7] After the sale, Popular Community Bank retained 49 branches in South Florida, New Jersey, and New ...
The Fed study reported that mortgage originations to investors rose from 25% in 2000 to 45% in 2006, for Arizona, California, Florida, and Nevada overall, where housing price increases during the bubble (and declines in the bust) were most pronounced. In these states, investor delinquency rose from around 15% in 2000 to over 35% in 2007 and 2008.
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There were 41,608 households, out of which 28.5% had children under the age of 18 living with them, 42.8% were married couples living together, 11.5% had a female householder with no husband present, and 41.4% were non-families. 33.6% of all households were made up of individuals, and 9.8% had someone living alone who was 65 years of age or ...
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