OCC and OTS Mortgage Metrics Report
January — June 2008
New Payment Plans
Payment plans included those mortgages for which the servicer and a borrower agreed to a short- to medium-term change in scheduled terms and payments to return a mortgage to a current and performing status.
At the end of June, 154,040 loans were under a payment plan. Payment plans were concentrated in subprime loans, which constituted 41 percent of all plans despite subprime loans constituting less than 9 percent of the total serviced portfolio.
In contrast, prime mortgages constituted the lowest percentage of total payment plans at 18 percent while constituting 66 percent of the total portfolio.
| New Payment Plans |
Jan-08 |
Feb-08 |
Mar-08 |
Apr-08 |
May-08 |
Jun-08 |
| Prime |
7,641 |
8,496 |
9,478 |
9,598 |
8,812 |
9,652 |
| Alt-A |
8,984 |
9,316 |
9,899 |
10,370 |
9,524 |
10,419 |
| Subprime |
19,297 |
18,642 |
18,517 |
19,172 |
17,662 |
20,010 |
| Other |
9,372 |
8,430 |
8,295 |
8,300 |
7,822 |
8,814 |
| Overall |
45,294 |
44,884 |
46,189 |
47,440 |
43,820 |
48,895 |
|
