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 September 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 456,747 100.0 142,447 31.2 15,652 3.4 4,810 1.1 3,343 0.7 1,559 0.3 43,196 9.5 245,740 53.8
2001 537,958 100.0 319,696 59.4 24,451 4.5 7,645 1.4 5,474 1.0 2,471 0.5 73,683 13.7 104,538 19.4
2002 787,403 100.0 556,049 70.6 42,453 5.4 11,060 1.4 7,715 1.0 4,042 0.5 83,774 10.6 82,310 10.5
2003 1,281,787 100.0 969,435 75.6 116,297 9.1 23,485 1.8 15,892 1.2 10,356 0.8 113,352 8.8 32,970 2.6
2004 1,946,863 100.0 1,383,207 71.0 207,075 10.6 51,693 2.7 49,185 2.5 30,569 1.6 205,431 10.6 19,703 1.0
2005 2,284,234 100.0 1,174,156 51.4 340,678 14.9 108,457 4.7 130,731 5.7 104,009 4.6 396,087 17.3 30,116 1.3
2006 1,787,532 100.0 478,910 26.8 383,579 21.5 144,561 8.1 207,538 11.6 170,041 9.5 382,100 21.4 20,803 1.2
2007 333,269 100.0 54,425 16.3 99,571 29.9 38,848 11.7 51,933 15.6 40,363 12.1 45,767 13.7 2,362 0.7
All 9,415,793 100.0 5,078,325 53.9 1,229,756 13.1 390,559 4.1 471,811 5.0 363,410 3.9 1,343,390 14.3 538,542 5.7

Source: GAO analysis of CoreLogic LP data.

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