| Chart 4: Nontraditional Mortgage Products Are Most Popular in States with the Strongest Home Price Growth | ||
| State | Interest-Only/Pay-Option Share of Nonprime Securitized Originations |
Home Price Growth (year over year percent change) |
| AK | 23.60% |
14.06% |
| AL | 19.65% |
9.20% |
| AR | 13.79% |
7.48% |
| AZ | 51.10% |
34.90% |
| CA | 71.88% |
21.07% |
| CO | 56.34% |
6.00% |
| CT | 34.85% |
11.91% |
| DC | 55.15% |
21.98% |
| DE | 31.70% |
15.51% |
| FL | 45.67% |
26.83% |
| GA | 40.23% |
6.44% |
| HI | 47.18% |
23.85% |
| IA | 11.20% |
6.30% |
| ID | 46.14% |
18.63% |
| IL | 30.83% |
9.40% |
| IN | 14.78% |
4.69% |
| KS | 21.04% |
4.70% |
| KY | 21.61% |
5.32% |
| LA | 9.63% |
9.08% |
| MA | 37.63% |
8.21% |
| MD | 44.70% |
21.48% |
| ME | 15.19% |
10.58% |
| MI | 28.29% |
3.76% |
| MN | 46.04% |
7.96% |
| MO | 20.91% |
7.06% |
| MS | 10.65% |
7.43% |
| MT | 33.53% |
14.56% |
| NC | 31.71% |
8.08% |
| ND | 17.80% |
8.07% |
| NE | 16.72% |
4.25% |
| NH | 28.72% |
9.77% |
| NJ | 40.58% |
15.58% |
| NM | 33.05% |
15.49% |
| NV | 66.98% |
18.02% |
| NY | 36.12% |
12.64% |
| OH | 23.73% |
4.03% |
| OK | 13.18% |
6.53% |
| OR | 47.54% |
19.50% |
| PA | 19.10% |
12.40% |
| RI | 31.64% |
10.74% |
| SC | 34.83% |
9.20% |
| SD | 14.37% |
8.09% |
| TN | 23.43% |
8.06% |
| TX | 17.22% |
5.49% |
| UT | 45.00% |
13.36% |
| VA | 59.15% |
19.66% |
| VT | 17.21% |
13.81% |
| WA | 52.40% |
18.42% |
| WI | 15.86% |
8.43% |
| WV | 29.05% |
11.87% |
| WY | 25.70% |
12.79% |
| Note: Data as of fourth quarter 2005. | ||
| Sources: Office of Federal Housing Enterprise Oversight, LoanPerformance Corporation. | ||