Chart 1: Nontraditional Mortgage Products Are Most Popular in States with the Strongest Home Price Growth
| State | Interest-Only/Pay- Option Shareof Non- Prime Securitized Originations |
Home Price Growth (year over year ) |
|---|---|---|
| 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% |