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 June 30, 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 15,182 19.3 1,677 2.1 178 0.2 77 0.1 69 0.1 1,138 1.4 60,202 76.7
2001 138,942 100.0 60,407 43.5 5,597 4.0 545 0.4 316 0.2 207 0.1 3,321 2.4 68,549 49.3
2002 233,771 100.0 157,811 67.5 25,716 11.0 1,623 0.7 876 0.4 733 0.3 7,598 3.3 39,414 16.9
2003 437,383 100.0 267,000 61.0 125,330 28.7 4,950 1.1 2,775 0.6 2,513 0.6 9,208 2.1 25,607 5.9
2004 947,375 100.0 593,085 62.6 260,154 27.5 17,126 1.8 13,242 1.4 14,839 1.6 33,386 3.5 15,543 1.6
2005 1,473,427 100.0 609,634 41.4 553,057 37.5 51,053 3.5 56,269 3.8 71,131 4.8 112,782 7.7 19,501 1.3
2006 1,332,449 100.0 318,142 23.9 542,949 40.7 74,707 5.6 96,991 7.3 130,161 9.8 160,524 12.0 8,975 0.7
2007 439,265 100.0 56,816 12.9 232,519 52.9 29,568 6.7 35,766 8.1 44,861 10.2 38,364 8.7 1,371 0.3
All 5,081,135 100.0 2,078,077 40.9 1,746,999 34.4 179,750 3.5 206,312 4.1 264,514 5.2 366,321 7.2 239,162 4.7

Source: GAO analysis of CoreLogic LP data.

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