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 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 456,747 100.0 142,823 31.3 14,873 3.3 4,700 1.0 3,459 0.8 1,677 0.4 43,475 9.5 245,740 53.8
2001 537,958 100.0 320,257 59.5 23,280 4.3 7,392 1.4 5,780 1.1 2,620 0.5 74,092 13.8 104,537 19.4
2002 787,403 100.0 556,967 70.7 40,500 5.1 10,819 1.4 8,098 1.0 4,218 0.5 84,491 10.7 82,310 10.5
2003 1,281,787 100.0 971,905 75.8 111,631 8.7 22,452 1.8 16,895 1.3 10,941 0.9 114,993 9.0 32,970 2.6
2004 1,946,863 100.0 1,387,080 71.2 196,392 10.1 49,389 2.5 51,844 2.7 31,814 1.6 210,641 10.8 19,703 1.0
2005 2,284,234 100.0 1,180,451 51.7 319,442 14.0 99,415 4.4 137,513 6.0 102,458 4.5 414,833 18.2 30,122 1.3
2006 1,787,532 100.0 487,400 27.3 353,731 19.8 129,444 7.2 218,939 12.2 164,707 9.2 412,499 23.1 20,812 1.2
2007 333,269 100.0 56,480 16.9 90,903 27.3 34,684 10.4 56,924 17.1 39,993 12.0 51,922 15.6 2,363 0.7
All 9,415,793 100.0 5,103,363 54.2 1,150,752 12.2 358,295 3.8 499,452 5.3 358,428 3.8 1,406,946 14.9 538,557 5.7

Source: GAO analysis of CoreLogic LP data.

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