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 Nonprime 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 535,270 100.0 156,521 29.2 19,091 3.6 5,603 1.0 3,080 0.6 1,669 0.3 43,366 8.1 305,940 57.2
2001 676,900 100.0 377,810 55.8 33,410 4.9 9,243 1.4 5,218 0.8 2,723 0.4 75,413 11.1 173,083 25.6
2002 1,021,174 100.0 708,300 69.4 75,682 7.4 14,472 1.4 7,875 0.8 4,456 0.4 88,669 8.7 121,720 11.9
2003 1,719,170 100.0 1,219,178 70.9 267,637 15.6 30,764 1.8 15,903 0.9 10,428 0.6 116,690 6.8 58,570 3.4
2004 2,894,238 100.0 1,945,916 67.2 526,423 18.2 78,328 2.7 51,786 1.8 38,805 1.3 217,762 7.5 35,218 1.2
2005 3,757,661 100.0 1,730,925 46.1 1,045,393 27.8 200,249 5.3 154,890 4.1 159,019 4.2 417,775 11.1 49,410 1.3
2006 3,119,981 100.0 738,227 23.7 1,143,389 36.6 297,566 9.5 246,614 7.9 268,311 8.6 396,236 12.7 29,638 0.9
2007 772,534 100.0 90,502 11.7 413,104 53.5 87,147 11.3 62,646 8.1 65,039 8.4 50,382 6.5 3,714 0.5
All 14,496,928 100.0 6,967,379 48.1 3,524,129 24.3 723,372 5.0 548,012 3.8 550,450 3.8 1,406,293 9.7 777,293 5.4

Source: GAO analysis of CoreLogic LP data.

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