OCC Mortgage Metrics Report
New Payment Plans Relative to Seriously Delinquent Mortgages
Overall, new payment plans as a percentage of seriously delinquent loans varied from a low in November of 7.42 percent to a high of 8.38 percent in January.
In March, 7.81 percent of seriously delinquent loans received payment plans, up slightly from the beginning of the reporting period.
New Payment Plans
(% of Seriously Delinquent) |
Nov-07 |
Dec-07 |
Jan-08 |
Feb-08 |
Mar-08 |
| Composition |
|
|
|
|
|
| Prime |
6.34% |
6.89% |
7.31% |
6.67% |
7.16% |
| Alt-A |
8.08% |
8.52% |
9.11% |
8.32% |
8.98% |
| Subprime |
8.11% |
8.08% |
9.10% |
8.29% |
8.38% |
| Other |
6.59% |
6.38% |
7.50% |
6.49% |
6.54% |
| Overall |
7.42% |
7.54% |
8.38% |
7.54% |
7.81% |
|
