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 Payment Option ARM 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 4,217 100.0 196 4.6 80 1.9 3 0.1 7 0.2 5 0.1 11 0.3 3,915 92.8
2001 699 100.0 641 91.7 27 3.9 1 0.1 2 0.3 1 0.1 8 1.1 19 2.7
2002 6,626 100.0 4,256 64.2 384 5.8 11 0.2 12 0.2 23 0.3 27 0.4 1,913 28.9
2003 7,573 100.0 6,236 82.3 774 10.2 81 1.1 52 0.7 80 1.1 124 1.6 226 3.0
2004 124,323 100.0 94,679 76.2 16,179 13.0 2,168 1.7 3,022 2.4 2,793 2.2 3,844 3.1 1,638 1.3
2005 317,587 100.0 168,406 53.0 62,749 19.8 9,661 3.0 20,382 6.4 20,580 6.5 31,344 9.9 4,465 1.4
2006 327,112 100.0 85,902 26.3 92,867 28.4 17,280 5.3 37,165 11.4 39,429 12.1 53,478 16.3 991 0.3
2007 60,556 100.0 7,895 13.0 23,626 39.0 4,143 6.8 7,735 12.8 8,889 14.7 8,132 13.4 136 0.2
All 848,693 100.0 368,211 43.4 196,686 23.2 33,348 3.9 68,377 8.1 71,800 8.5 96,968 11.4 13,303 1.6

Source: GAO analysis of CoreLogic LP data.

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