Michigan

Here is a look at the percentage of home loans in trouble as of July 2009. Troubled loans on this page are those in which the borrower is more than 60 days behind on payments or the lender has taken or is in the process of taking the property.

Loans
 
Prime
Least risk loans
Alt-A
More risk loans
Subprime
Most risk loans
As of July 2009 1,451,133 49,101 99,207
+60 days delinquent 6.5% 22.6% 41.2%
Bank-owned / Foreclosing 2.2% 12.7% 15.3%

Click an area for details. Bank-owned / Foreclosing Overall
Detroit-Warren-Livonia, MI Metro 4.2%
Flint, MI Metro 4.0%
Jackson, MI Metro 3.7%
Battle Creek, MI Metro 3.6%
Lansing-East Lansing, MI Metro 3.4%
Muskegon-Norton Shores, MI Metro 3.3%
South Bend-Mishawaka, IN-MI Metro 3.1%
Grand Rapids-Wyoming, MI Metro 2.9%
Monroe, MI Metro 2.6%
Saginaw-Saginaw Township North, MI Metro 2.5%
Niles-Benton Harbor, MI Metro 2.4%
Bay City, MI Metro 2.4%
Kalamazoo-Portage, MI Metro 2.2%
Ann Arbor, MI Metro 2.2%
Holland-Grand Haven, MI Metro 1.8%


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Source: First American CoreLogic, LoanPerformance data.
Counts are estimates based on market multipliers.