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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 PlansNov-07Dec-07Jan-08Feb-08Mar-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

  New Payment Plans