OCC Mortgage Metrics Report
New Payment Plans
New payment plans declined in February after consistently increasing over the prior three months but increased again in March.
In each month, subprime mortgages received the largest number of new payment plans, with nearly twice as many in March as any other category of loan.
| New Payment Plans |
Nov-07 |
Dec-07 |
Jan-08 |
Feb-08 |
Mar-08 |
| Composition |
|
|
|
|
|
| Prime |
5,850 |
6,973 |
7,598 |
6,805 |
7,663 |
| Alt-A |
7,298 |
8,248 |
8,942 |
7,708 |
8,346 |
| Subprime |
16,397 |
17,191 |
19,217 |
16,112 |
16,141 |
| Other |
8,017
| 8,031 |
9,539 |
7,884 |
7,755 |
| Overall |
37,562 |
40,443 |
45,296 |
38,509 |
39,905 |
|
