4. Some context:
February 27, 2007: The Federal Home Loan
Mortgage Corporation (Freddie Mac) announces
that it will no longer buy the most risky subprime
mortgages and mortgage-related securities.
April 2, 2007: New Century Financial
Corporation, a leading subprime mortgage
lender, files for Chapter 11 bankruptcy
protection.
June 1, 2007: Standard and Poor’s and Moody’s
Investor Services downgrade over 100 bonds
backed by second-lien subprime mortgages.
And so it goes…
11. That was another data viz test
Showing percentages of homes in foreclosure by
county with a color scale on a map like that makes
no sense. There’s no way to determine much
that’s meaningful other than the darker counties
being worse.
And the color scale is broken: Florida peaks at
14.5% while Nevada peaks at 6.8%
18. Is there a relationship?
Maps do not make
comparisons of data
easy. Besides which, we
really want to know if
unemployment and
foreclosures are
correlated.
22. Resources for data used:
Event timeline for the mortgage mess – http://timeline.stlouisfed.org/pdf/CrisisTimeline.pdf –
Datasets and mapping tools – www.geocommons.com
NY federal reserve bank (data on debt and credit) – http://www.newyorkfed.org/creditconditions/
Census data via their data retrieval tool (this link is housing data) –
http://dataferrett.census.gov/datasets.html#ahs
Home Mortgage Disclosure Act data – http://www.ffiec.gov/hmdaadwebreport/AggWelcome.aspx
This presentation (and the rest of the talks) video/audio download:
https://bloorgroup.webex.com/bloorgroup/lsr.php?AT=pb&SP=EC&rID=4166022&rKey=1dd657ec48
4da85e
These slides also available at: http://www.slideshare.net/mrm0/
All the other FedSpend shows: http://www.insideanalysis.com/fedspend/
23. About the Presenter
Mark Madsen is president of Third
Nature, a technology research and
consulting firm focused on business
intelligence, analytics and
performance management. Mark is
an award-winning author, architect
and former CTO whose work has
been featured in numerous industry
publications. During his career Mark
received awards from the American
Productivity & Quality Center, TDWI,
Computerworld and the Smithsonian
Institute. He is an international
speaker, contributing editor at
Intelligent Enterprise, and manages
the open source channel at the
Business Intelligence Network. For
more information or to contact Mark,
visit http://ThirdNature.net.
24. About Third Nature
Third Nature is a research and consulting firm focused on new and
emerging technology and practices in business intelligence, data
integration and information management. If your question is related to BI,
open source, web 2.0 or data integration then you‘re at the right place.
Our goal is to help companies take advantage of information-driven
management practices and applications. We offer education, consulting
and research services to support business and IT organizations as well as
technology vendors.
We fill the gap between what the industry analyst firms cover and what IT
needs. We specialize in product and technology analysis, so we look at
emerging technologies and markets, evaluating the products rather than
vendor market positions.