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 2006 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 | |
| 2006 | 1,787,532 | 100.0 | 91,519 | 5.1 | 1,048,069 | 58.6 | 152,186 | 8.5 | 27,941 | 1.6 | 24,897 | 1.4 | 5,257 | 0.3 | 437,663 | 24.5 |
| 2007 | 1,787,532 | 100.0 | 308,243 | 17.2 | 882,179 | 49.4 | 234,132 | 13.1 | 109,507 | 6.1 | 132,283 | 7.4 | 97,330 | 5.4 | 23,858 | 1.3 |
| 2008 | 1,787,532 | 100.0 | 445,556 | 24.9 | 500,119 | 28.0 | 199,147 | 11.1 | 165,798 | 9.3 | 168,035 | 9.4 | 285,194 | 16.0 | 23,683 | 1.3 |
| 2009 | 1,787,532 | 100.0 | 487,400 | 27.3 | 353,581 | 19.8 | 129,404 | 7.2 | 219,129 | 12.3 | 164,707 | 9.2 | 412,499 | 23.1 | 20,812 | 1.2 |
| Source: GAO analysis of CoreLogic LP data. |
(Go to Status of Alt-A Loans originated in 2006)
(Status of Nonprime Loans Originated from 2004 through 2007 as of Year-End 2004 through 2009)