GAO-10-806SP: Nonprime Mortgages: Data on Loan Performance by Cohort Year, Product Type, and Location, an E-supplement to GAO-10-805

U.S. Government Accountability Office

Number and Percentage of Subprime Loans Originated from 2000 through 2007 in Different Status Categories as of December 31, 2008

Cohort Year All Loans Prepaid
Current
Delinquent
In Default
In the Foreclosure Process
 Completed the Foreclosure
Process		 Unknown
Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans Number of Loans Percent of Loans
2000 456,747 100.0 141,424 31.0 17,315 3.8 5,399 1.2 2,996 0.7 1,629 0.4 42,246 9.2 245,738 53.8
2001 537,958 100.0 317,910 59.1 27,266 5.1 8,594 1.6 4,952 0.9 2,548 0.5 72,154 13.4 104,534 19.4
2002 787,403 100.0 552,776 70.2 47,351 6.0 12,713 1.6 7,045 0.9 3,909 0.5 81,303 10.3 82,306 10.5
2003 1,281,787 100.0 960,288 74.9 132,236 10.3 25,517 2.0 13,762 1.1 8,792 0.7 108,229 8.4 32,963 2.6
2004 1,946,863 100.0 1,368,911 70.3 239,815 12.3 59,406 3.1 41,411 2.1 27,992 1.4 189,629 9.7 19,699 1.0
2005 2,284,234 100.0 1,149,942 50.3 419,390 18.4 138,923 6.1 108,268 4.7 104,909 4.6 332,761 14.6 30,041 1.3
2006 1,787,532 100.0 445,556 24.9 501,451 28.1 199,687 11.2 166,148 9.3 168,474 9.4 285,541 16.0 20,675 1.2
2007 333,269 100.0 44,135 13.2 136,393 40.9 51,778 15.5 37,473 11.2 33,108 9.9 28,036 8.4 2,346 0.7
All 9,415,793 100.0 4,980,942 52.9 1,521,217 16.2 502,017 5.3 382,055 4.1 351,361 3.7 1,139,899 12.1 538,302 5.7

Source: GAO analysis of CoreLogic LP data.

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