Home Equity, Foreclosures, and Remodeling Loans: A Statistical Glimpse

$2.3 trillion

Equity extracted from U.S. homes, 2003–3rd Q 2008

McKinsey Global Institute

1,978,579

U.S. homes in foreclosure

Foreclosure Heat Map, RealtyTrak.com, as of 9/22/09

23%

Market share of mortgages that are FHA-backed

2nd Q 2009, up from 2.7% in 2006. Inside Mortgage Finance, via The Wall Street Journal

14,185

FHA 203(k) renovation loans insured to date in 2009

Up from 6,700 in all of 2008. Office of the Comptroller of the Currency, as of 8/15/09

3.5%

Minimum down payment for 203(k) loan

Office of the Comptroller of the Currency