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 Other 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 1,453 100.0 403 27.7 66 4.5 7 0.5 9 0.6 4 0.3 52 3.6 912 62.8
2001 3,440 100.0 2,005 58.3 118 3.4 28 0.8 19 0.6 7 0.2 244 7.1 1,019 29.6
2002 3,842 100.0 2,600 67.7 200 5.2 30 0.8 26 0.7 12 0.3 260 6.8 714 18.6
2003 9,886 100.0 7,360 74.4 1,794 18.1 108 1.1 80 0.8 98 1.0 329 3.3 117 1.2
2004 6,141 100.0 4,201 68.4 1,522 24.8 90 1.5 67 1.1 59 1.0 195 3.2 7 0.1
2005 1,317 100.0 497 37.7 348 26.4 54 4.1 83 6.3 83 6.3 245 18.6 7 0.5
2006 26,108 100.0 5,160 19.8 7,623 29.2 1,669 6.4 2,766 10.6 3,739 14.3 5,022 19.2 129 0.5
2007 6,997 100.0 679 9.7 2,788 39.8 564 8.1 854 12.2 1,011 14.4 1,079 15.4 22 0.3
All 59,184 100.0 22,905 38.7 14,459 24.4 2,550 4.3 3,904 6.6 5,013 8.5 7,426 12.5 2,927 4.9

Source: GAO analysis of CoreLogic LP data.

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