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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 ProcessMar-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%

  Foreclosures in Process - March 2008 (% of Total)  


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