OCC Mortgage Metrics Report
Total End–of–Month Foreclosures in Process
Foreclosures in process totaled 283,988 at the end of March. Subprime mortgages comprised almost 33 percent of total foreclosures in process, while representing less than 9 percent of the total number of mortgages.
Conversely, prime mortgages comprised 30 percent of all foreclosures, while representing 62 percent of the total servicing portfolio.
| Total Foreclosures in Process |
Mar-08 |
|
| Total |
283,988 |
| Composition |
|
% of Total Foreclosures in Process |
% of Total Servicing Portfolio |
| Prime |
84,559 |
30% |
62% |
Alt-A |
59,160 |
21% |
9% |
| Subprime |
93,159 |
33% |
9% |
| Other |
47,110 |
17% |
20% |
|
