In the united states, for each year in the past three years, how many
residential mortgage foreclosures were there, how many consumer
bankruptcies  were there and how many auto repossessions were there
due to lack of payment??Please give your sources

---

Request for Question Clarification by easterangel-ga on 19 Oct 2002 11:30 PDT

Hi! I was only able to find a free detailed data on consumer
bankruptcies. The other data is available but for a fee. Would
pointing you to the free bankruptcy data and for the fee based reports
be enough for a suitable answer? Just let me know. :)

---

Request for Question Clarification by easterangel-ga on 19 Oct 2002 11:45 PDT

HI I'm back. I found only the following data.

a. Consumer bankruptcy data - 
b. Mortgage foreclosure - $415, plus $7 shipping (Must be purchased separately)

I found no data for auto repossession. Would this be ok? :)

We can come very close to the data you're seeking, though as I'd
mentioned in the previous question, finding auto repossession
information was the toughest task.  However, there's some good news on
that front -- if we can find one or two missing pieces of data.

CONSUMER BANKRUPTCIES
---------------------

The American Bankruptcy Institute tracks data on bankruptcy filings
and has the following numbers in its " Annual Total Bankruptcy Filings
by District for 1990-2001,":
2001: 1.5 million
2000: 1.3 million
1999: 1.3 million
1998: 1.4 million

The data is collected from the U.S. Bankruptcy Courts in each
district:
http://www.abiworld.org/stats/1990annual.html


RESIDENTIAL MORTGAGE FORECLOSURES
----------------------------------

The best source of information on home mortgages is the Mortgage
Bankers Association of America.  For a complete statistical report,
you may wish to acquire their "National Delinquency Survey," published
annually for $250: http://shop.mbaa.org/search.cfm?category=Market%20%26%20Research%20Data

However, the number of mortgages in the U.S. is about 50 million,
according to older MBAA data that I have.  It's a growing number,
though it's historically grown at a low (5% or less) rate.  And
they've published information on late payments (30-90 days late) and
foreclosures for the last two years:

Q2, 2001
Late: 4.63%
Foreclosures: 0.91%

Q2, 2002:
Late: 4.77%
Foreclosures: 1.23%

Here are the links for the two press releases:
MBAA press release,  (Sept. 9, 2002):
http://www.mbaa.org/news/2002/pr0909a.html
MBAA press release, (Sept. 1,  2001):
http://www.rebuz.com/research/0901-real-estate-research/National-Delinquency-Survey.htm

Incidentally, the MBAA site has good statistics on home ownership from
MBA, includes average price, affordability, % of  home ownership,
"Housing Economics" (2001)
http://www.mbaa.org/present/2000/duncan_1000.pdf

A backup for the MBAA data is available from the U.S. Treasury
Department's Office of Thrift Supervision, which tracks performance of
the 995 thrift institutions that have 20-21% of the residential real
estate market.  Though the reports don't indicate HOW MANY
foreclosures there are, they indicate the value of the assets in
foreclosure.

"Second Quarter, 2002 Thrift Industry Report Data" (Aug. 28, 2002) has
a five-year trend line for the thrifts, with the following
repossession values for residential loans:
1999: 0.16%
2000: 0.12%
2001: 0.11%
2002: 0.11%

The reports note that more than 44% of the thrifts assets are in
residential mortgage loans:
"Second Quarter 2002 Thrift Industry Report Data:  (Aug. 28, 2002):
http://www.ots.treas.gov/docs/17220.pdf
"Thrift Industry Charge-off Rates" (Aug. 28, 2002)
http://www.ots.treas.gov/pagehtml.cfm?catNumber=10


AUTO REPOSSESSIONS
------------------

Once again we can find year-to-year comparisons, though it's hard to
find how many auto loans exist -- not to mention the repossessions. 
There are 15 - 17 million new cars sold each year, so you may be able
to develop a number for how many are financed (even if we ignore used
car financing).

Firm data is in the American Bankers Association, "Consumer Credit
Delinquency Bulletin" (4 times per year, $250):
http://www.aba.com/Products/PS98_150.htm 

But like the MBAA, the ABA releases comparative numbers each year for
a variety of consumer categories.  They don't include repossession
data, but the home mortgage ratio for foreclosures/delinquency may be
applicable:

Q2, 2002:
Delinquencies (direct loans): 2.36%
Delinquencies (indirect loans): 2.06%

Q2, 2001:
Delinquencies (direct loans): 2.51%
Delinquencies (indirect loans): 2.60%

Q3, 2000:
Delinquencies (direct loans): 2.17%
Delinquencies (indirect loans): 2.46%


"CREDIT CARD DELINQUENCIES INCH UP IN 
SECOND QUARTER 2002"
Sept. 26, 2002
http://www.aba.com/Press+Room/delinquency092602.htm

"LATE CARD PAYMENTS UP FOR SECOND QUARTER 2001; IMPACT OF SLOW ECONOMY
AND LAYOFFS SEEN "
Sept. 21, 2001
http://www.aba.com/Press+Room/092101delinq.htm

"LATE CARD PAYMENTS UP FOR THIRD QUARTER 2000; 
CONSUMERS FEEL EFFECTS OF FED RESERVE RATE HIKES"
(Dec. 21, 2000)
http://www.aba.com/Press+Room/122100creditdelinq.htm

The Google search strategy was to do searches on the pages of
institutions and associations representing each of the industries:
American Banking Association
American Bankruptcy Institute
Federal Deposit Insurance Corp.
Mortgage Bankers Assoc. of America
Office of Thrift Supervision


Best regards,
Omnivorous-GA

---

Clarification of Answer by omnivorous-ga on 21 Oct 2002 20:06 PDT

Google and its researchers rely on ratings for a sense of how we're
performing.  Please take the time to rate your question, giving it 5*
if it met your needs!

excellent work, highly recommend