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 Alt-A Loans Originated from 2000 through 2007 in Different Status Categories as of March 31, 2009

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 78,523 100.0 15,149 19.3 1,735 2.2 175 0.2 92 0.1 38 0.0 1,132 1.4 60,202 76.7
2001 138,942 100.0 60,139 43.3 6,003 4.3 475 0.3 299 0.2 187 0.1 3,290 2.4 68,549 49.3
2002 233,771 100.0 156,623 67.0 27,243 11.7 1,502 0.6 864 0.4 637 0.3 7,488 3.2 39,414 16.9
2003 437,383 100.0 262,711 60.1 130,889 29.9 4,814 1.1 2,531 0.6 2,033 0.5 8,798 2.0 25,607 5.9
2004 947,375 100.0 584,545 61.7 274,670 29.0 16,959 1.8 12,392 1.3 12,791 1.4 30,476 3.2 15,542 1.6
2005 1,473,427 100.0 594,779 40.4 590,013 40.0 52,951 3.6 54,249 3.7 64,134 4.4 97,817 6.6 19,484 1.3
2006 1,332,449 100.0 305,054 22.9 589,855 44.3 82,278 6.2 92,492 6.9 120,374 9.0 133,423 10.0 8,973 0.7
2007 439,265 100.0 51,369 11.7 253,301 57.7 31,640 7.2 31,389 7.1 40,707 9.3 29,490 6.7 1,369 0.3
All 5,081,135 100.0 2,030,369 40.0 1,873,709 36.9 190,794 3.8 194,308 3.8 240,901 4.7 311,914 6.1 239,140 4.7

Source: GAO analysis of CoreLogic LP data.

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