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New Loss Mitigation Actions Relative to Seriously Delinquent Mortgages

The following data show new loss mitigation actions for each month as a percentage of seriously delinquent loans in each risk category. For instance, in March, the number of new loss mitigation actions for prime mortgages equaled 9.4 percent of the prime mortgages that were seriously delinquent.

In each month, among seriously delinquent loans, either subprime or Alt-A mortgages had the highest percentage of new loss mitigation actions relative to the other risk segments. Conversely, seriously delinquent prime loans consistently had the lowest relative percentage of new loss mitigation actions.

New Loss Mitigation Actions
(% of Seriously Delinquent)
Nov-07Dec-07Jan-08Feb-08  Mar-08
Composition

 

 

 

 

 

Prime

7.78%

8.03%

8.74%

8.27%

9.40%

Alt-A

9.96%

10.06%

11.14%

10.78%

12.08%

Subprime

10.15%

9.81%

11.45%

11.20%

11.65%

Other

8.01%

7.59%

9.05%

8.32%

8.24%

Overall

9.17%

9.00%

10.31%

9.85%

10.46%

  New Loss Mitigation Actions (% of Seriously Delinquent)  


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