OCC and OTS Mortgage Metrics Report
January — June 2008
New Payment Plans Relative to New Foreclosures
New payment plans as a percentage of new foreclosures during each month increased slightly in the second quarter from 50.27 percent in March to 50.87 percent in June.
While the percentage increased for Alt-A and other loans, it declined for prime and subprime mortgages.
New payment plans as a percentage of new foreclosures were highest for subprime mortgages at the end of the reporting period at 53.26 percent and lowest for prime mortgages at 24.53 percent.
New Payment Plans
(% of new foreclosures) |
Jan-08 |
Feb-08 |
Mar-08 |
Apr-08 |
May-08 |
Jun-08 |
| Prime |
23.57% |
24.76% |
24.66% |
24.34% |
21.14% |
24.53% |
| Alt-A |
44.24% |
44.83% |
49.98% |
52.62% |
45.65% |
53.26% |
| Subprime |
67.82% |
70.50% |
83.25% |
82.90% |
68.05% |
78.06% |
| Other |
78.13% |
68.72% |
72.81% |
75.34% |
72.15% |
76.27% |
| Overall |
48.61% |
47.85% |
50.27% |
50.86% |
44.11% |
50.87% |
|
