OCC Mortgage Metrics Report
New Loan Modifications
The number of new loan modifications decreased from November to December, then increased steadily from December through March.
The largest number of new loan modifications each month was in subprime mortgages, with more than twice that of any other category.
Prime mortgages consistently had the lowest number of new loan modifications among the defined loan categories.
| New Loan Modifications |
Nov-07 |
Dec-07 |
Jan-08 |
Feb-08 |
Mar-08 |
Composition |
|
|
|
|
|
Prime |
1,331 |
1,157 |
1,493 |
1,635 |
2,397 |
Alt-A |
1,700 |
1,492 |
1,997 |
2,274 |
2,873 |
Subprime |
4,125 |
3,683 |
4,956 |
5,655 |
6,297 |
Other |
1,732 |
1,523 |
1,965 |
2,221 |
2,019 |
Overall |
8,888 |
7,855 |
10,411 |
11,785 |
13,586 |
|
