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

New Foreclosures Relative to Seriously Delinquent Mortgages

New foreclosures as a percentage of seriously delinquent mortgages varied from a low of 8.53 percent in November to a high of 10.76 percent in January.

The ratio was consistently highest for prime mortgages and consistently lowest for subprime mortgages. The lower ratio for subprime borrowers corresponds with the nationwide emphasis on loss mitigation and foreclosure prevention for these higher risk borrowers.

Foreclosures Initiated
(% of Seriously Delinquent)
Oct-07Nov-07Dec-07Jan-08Feb-08Mar-08
Composition

 

 

 

 

 

 

Prime

15.16%

12.33%

13.82%

17.12%

15.93%

13.92%

Alt-A

12.02%

9.98%

10.41%

12.25%

11.31%

9.86%

Subprime

8.24%

7.21%

7.20%

8.83%

8.10%

6.27%

Other

7.36%

6.75%

6.79%

7.62%

7.55%

8.06%

Overall

9.91%

8.53%

8.93%

10.76%

10.12%

8.94%

  Foreclosures Initiated (% of Seriously Delinquent)  


< previous | next >