OCC and OTS Mortgage Metrics Report
Third Quarter 2008
New Payment Plans Relative to Seriously Delinquent Mortgages
New payment plans as a percentage of seriously delinquent loans decreased during the third quarter for all loan categories, except “other.” New payment plans as a percentage of seriously delinquent loans were consistently lowest for prime loans and highest for subprime and “other” loans.13
New Payment Plans (% of seriously delinquent)
|
|
First Quarter
|
Second Quarter
|
Third Quarter
|
Prime |
10.56% |
9.89% |
9.71% |
Alt-A |
15.16% |
15.08% |
13.93% |
Subprime |
16.53% |
16.15% |
15.25% |
Other |
16.62% |
15.82% |
16.62% |
Overall |
14.71% |
14.09% |
13.48% |
13 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.
|