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 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 456,747 100.0 141,729 31.0 17,759 3.9 4,460 1.0 2,896 0.6 1,566 0.3 42,598 9.3 245,739 53.8
2001 537,958 100.0 318,545 59.2 27,724 5.2 7,290 1.4 4,656 0.9 2,527 0.5 72,680 13.5 104,536 19.4
2002 787,403 100.0 553,867 70.3 47,701 6.1 10,658 1.4 6,791 0.9 3,953 0.5 82,124 10.4 82,309 10.5
2003 1,281,787 100.0 963,357 75.2 130,296 10.2 22,307 1.7 13,868 1.1 9,001 0.7 109,992 8.6 32,966 2.6
2004 1,946,863 100.0 1,373,699 70.6 237,651 12.2 50,083 2.6 42,007 2.2 28,729 1.5 194,994 10.0 19,700 1.0
2005 2,284,234 100.0 1,159,186 50.7 406,764 17.8 114,116 5.0 111,098 4.9 107,032 4.7 355,939 15.6 30,099 1.3
2006 1,787,532 100.0 458,797 25.7 482,970 27.0 154,957 8.7 173,056 9.7 177,798 9.9 319,178 17.9 20,776 1.2
2007 333,269 100.0 48,343 14.5 128,557 38.6 41,610 12.5 41,503 12.5 37,117 11.1 33,779 10.1 2,360 0.7
All 9,415,793 100.0 5,017,523 53.3 1,479,422 15.7 405,481 4.3 395,875 4.2 367,723 3.9 1,211,284 12.9 538,485 5.7

Source: GAO analysis of CoreLogic LP data.

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