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 December 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 78,523 100.0 15,292 19.5 1,494 1.9 193 0.2 112 0.1 64 0.1 1,166 1.5 60,202 76.7
2001 138,942 100.0 60,796 43.8 5,068 3.6 535 0.4 366 0.3 215 0.2 3,413 2.5 68,549 49.3
2002 233,771 100.0 159,408 68.2 23,510 10.1 1,676 0.7 1,036 0.4 801 0.3 7,926 3.4 39,414 16.9
2003 437,383 100.0 273,288 62.5 116,417 26.6 5,364 1.2 3,625 0.8 2,809 0.6 10,273 2.3 25,607 5.9
2004 947,375 100.0 604,997 63.9 237,206 25.0 17,407 1.8 16,520 1.7 16,013 1.7 39,686 4.2 15,546 1.6
2005 1,473,427 100.0 630,653 42.8 492,325 33.4 48,918 3.3 66,519 4.5 72,881 4.9 142,614 9.7 19,517 1.3
2006 1,332,449 100.0 338,599 25.4 460,383 34.6 68,043 5.1 116,245 8.7 127,768 9.6 212,435 15.9 8,976 0.7
2007 439,265 100.0 65,066 14.8 196,779 44.8 27,329 6.2 46,279 10.5 45,961 10.5 56,480 12.9 1,371 0.3
All 5,081,135 100.0 2,148,099 42.3 1,533,182 30.2 169,465 3.3 250,702 4.9 266,512 5.2 473,993 9.3 239,182 4.7

Source: GAO analysis of CoreLogic LP data.

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