To help states and communities make informed decisions about how to allocate and spend their resources for foreclosure prevention and neighborhood stabilization, the Local Initiatives Support Corporation (LISC) has developed datasets with foreclosure "risk scores" at the ZIP Code level within each state and also within each metropolitan area. These scores incorporate measures of subprime lending, foreclosures, delinquency, and vacancies.
State and local elected officials, government agency staff, and community leaders can use these risk scores to quickly assess relative foreclosure risk within states, localities, or metropolitan areas and allocate resources accordingly. Further, policy analysts can adapt the LISC methods to local circumstances by assigning different weights to the individual factors provided or by adding additional criteria from outside data sources.
The foreclosure risk data provided here are available as Intrastate or Intrametropolitan scores. For each dataset, the highest risk ZIP Code in the state or metropolitan area is assigned a score of 100 and all other ZIP Codes are assigned a relative score. For example, a score of 20 means that the ZIP Code has 20 percent of the foreclosure risk of the highest risk ZIP Code.
Note: LISC cannot provide the loan and foreclosure counts that the risk score is based on, as those data are proprietary. This means that it cannot be shared for detailed independent analysis. However, in an effort to provide researchers and advocates with access to as much data as possible, both the intrastate data and the intrametropolitan datasets include summary scores for each of the subprime, foreclosure, and delinquent loan components. These scores indicate relative risk of ZIP Codes on each component individually. For example, the subprime component score is only based on the number of subprime loans and percentage of all loans that are subprime. The highest risk ZIP Code in terms of subprime loans in each state receives a score of 100 and a ZIP Code with a score of 50 is estimated to have about half the risk level.