OCC and OTS Mortgage Metrics Report
Third Quarter 2008
Short Sales and Deed-in-Lieu-of-Foreclosure Actions Relative to Seriously Delinquent Mortgages
Seriously delinquent prime loans had the most new short sales and deed-in-lieu-of-foreclosure actions in the third quarter, reflecting both a greater number of actions and the lowest rate of serious delinquencies.14
Seriously delinquent subprime loans had the fewest new short sales and deed-in-lieu-of-foreclosure actions in the third quarter.
| Short Sales and Deed–in-Lieu-of-Foreclosure Actions
(% of seriously delinquent)
|
| |
First Quarter
|
Second Quarter
|
Third Quarter
|
| Prime |
1.16% |
1.42% |
1.83% |
| Alt-A |
0.85% |
0.96% |
1.12% |
| Subprime |
0.52% |
0.57% |
0.65% |
| Other |
0.45% |
0.71% |
1.01% |
| Overall |
0.74% |
0.91% |
1.23% |
14 The percentage relative to serious delinquencies is calculated using weighted averages. The weighted average refers to the average monthly outstanding number of seriously delinquent mortgages over the three months of a quarter.
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