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 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 2,284,234 100.0 122,100 5.3 1,438,784 63.0 140,860 6.2 22,174 1.0 14,074 0.6 2,925 0.1 543,317 23.8
2006 2,284,234 100.0 627,777 27.5 1,210,895 53.0 210,942 9.2 63,499 2.8 70,422 3.1 59,164 2.6 41,535 1.8
2007 2,284,234 100.0 1,051,028 46.0 642,437 28.1 180,324 7.9 99,140 4.3 112,349 4.9 176,696 7.7 22,260 1.0
2008 2,284,234 100.0 1,149,942 50.3 417,850 18.3 138,512 6.1 108,055 4.7 104,624 4.6 332,524 14.6 32,727 1.4
2009 2,284,234 100.0 1,180,451 51.7 319,441 14.0 99,415 4.4 137,693 6.0 102,322 4.5 414,790 18.2 30,122 1.3

Source: GAO analysis of CoreLogic LP data.

(Go to Status of Alt-A Loans originated in 2005)

(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)

(Return to table of contents page)

(Return to main page)