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MICHIGAN FORECLOSURE DATA

MICHIGAN FORECLOSURE DATA Total Foreclosures 2005 22,369 2006 56,228 ( 151%) 2007 103,829 ( 85%) Mortgage Type % in FORECLOSURE MI National Ranking Fixed Rate #4 ARM #4 Subprime Fixed #3 Subprime ARM #8 % Loans Subprime Caucasian 19% Latino 40% African-American 52% % Loans Subprime in Detroit Area Caucasian 28% African-American

MICHIGAN FORECLOSURE DATA Total Foreclosures 2005 22,369 2006 56,228 (∆ 151%) 2007 103,829 (∆ 85%) Mortgage Type % in Foreclosure MI National Ranking

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