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 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 456,747 100.0 142,088 31.1 16,701 3.7 4,782 1.0 3,002 0.7 1,536 0.3 42,898 9.4 245,740 53.8
2001 537,958 100.0 319,131 59.3 25,965 4.8 7,744 1.4 4,830 0.9 2,565 0.5 73,186 13.6 104,537 19.4
2002 787,403 100.0 555,010 70.5 44,854 5.7 11,212 1.4 6,989 0.9 4,073 0.5 82,955 10.5 82,310 10.5
2003 1,281,787 100.0 966,658 75.4 123,103 9.6 23,330 1.8 13,997 1.1 10,087 0.8 111,644 8.7 32,968 2.6
2004 1,946,863 100.0 1,378,705 70.8 222,230 11.4 51,729 2.7 44,650 2.3 29,648 1.5 200,199 10.3 19,702 1.0
2005 2,284,234 100.0 1,167,110 51.1 374,289 16.4 111,416 4.9 116,534 5.1 108,176 4.7 376,598 16.5 30,111 1.3
2006 1,787,532 100.0 469,185 26.2 433,151 24.2 151,677 8.5 183,092 10.2 178,268 10.0 351,367 19.7 20,792 1.2
2007 333,269 100.0 51,789 15.5 113,376 34.0 41,128 12.3 45,806 13.7 39,124 11.7 39,686 11.9 2,360 0.7
All 9,415,793 100.0 5,049,676 53.6 1,353,669 14.4 403,018 4.3 418,900 4.4 373,477 4.0 1,278,533 13.6 538,520 5.7

Source: GAO analysis of CoreLogic LP data.

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