From the Heritage Foundation blog, The Foundry is a map showing the foreclosure rate by state.

The crisis talk clouds the national picture, obscuring the varied state-by-state impact of the mortgage mess. The chart above uses the latest data to map out how the foreclosure rate for subprime loans stayed below 10% in all but 13 states.

Rather than take measured steps to assist only the most vulnerable and allow the market to correct itself, though, some in Congress want to spread the cost of a fix among all taxpayers-including those who acted responsibly in buying a home and never missed a mortgage payment. Heritage budget expert J.D. Foster writes in a new op-ed:

Don’t you love it that you and I get to pay for others mistakes! It’s called compassion with OPM (Other People’s Money).

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