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 Loans Originated in 2005 in Different Status Categories at Year-End Through December 31, 2009

Year End Total 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
2005 1,473,427 100.0 69,326 4.7 1,073,961 72.9 25,836 1.8 2,592 0.2 862 0.1 177 0.0 300,673 20.4
2006 1,473,427 100.0 332,531 22.6 1,035,468 70.3 40,766 2.8 7,148 0.5 10,283 0.7 7,125 0.5 40,106 2.7
2007 1,473,427 100.0 513,239 34.8 795,040 54.0 51,339 3.5 20,826 1.4 27,123 1.8 32,340 2.2 33,520 2.3
2008 1,473,427 100.0 580,983 39.4 619,844 42.1 60,654 4.1 45,615 3.1 53,483 3.6 84,806 5.8 28,042 1.9
2009 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

Source: GAO analysis of CoreLogic LP data.

(Number and Percentage of Subprime Loans Originated in 2005 in Different Status Categories at Year- End Through December 31, 2009)

(Number and Percentage of All Nonprime Loans Originated in 2005 in Different Status Categories at Year-End Through December 31, 2009)

(Status of Nonprime Loans Originated from 2004 through 2007 as of Year-End 2004 through 2009)

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