Office of the Comptroller of the Currency - Ensuring a Safe and Sound Federal Banking System for All Americans Site Map | Text Size: S M L

BankNet

BankNet
More resources for national banks

HelpWithMyBank.gov

HelpWithMyBank.gov

Get answers to banking questions

Job Seekers

Job Seekers
Join one of the best places to work

Total End–of–Month Loss Mitigation Actions

The report includes data on only the two most common types of loss mitigation actions: loan modifications and payment plans. In addition, a loan modification or payment plan is not counted until it is actually implemented. We plan to include data on other types of loss mitigation, such as HomeSaver Advance, FHASecure, partial claims, new subsidy programs, and refinances with principal forgiveness in future reports.

Loss mitigation actions totaled 166,879 at the end of March. Payment plans outnumbered loan modifications by more than four to one.

The greatest number of loss mitigation actions occurred with respect to subprime and Alt-A mortgages.

Although subprime mortgages constituted less than 9 percent of the total portfolio, subprime loss mitigation actions constituted 43 percent of all loss mitigation actions.

Similarly, while Alt-A mortgages comprised about 9 percent of the total portfolio, Alt-A loss mitigation actions constituted 19 percent of all loss mitigation actions.

Loss Mitigation ActionsMar-08 
Loan Modifications30,906
Payment Plans135,973
Total Loss Mitigation Actions166,879
Composition % of Total Loss Mitigation Actions% of Total Servicing Portfolio
Prime

25,265

15%

62%

Alt-A32,00119%9%
Subprime71,68243%9%
Other37,93123%20%

  Loss Mitigation Actions (% of Total)  


< previous | next >