OCC and OTS Mortgage Metrics Report

Third Quarter 2008

Appendix A—New Loan Modifications

New loan modifications increased by more than 16 percent from the second to the third quarter. New loan modifications were 46 percent of total home retention actions in the third quarter compared to 45 percent in the second quarter.

Subprime loans constituted 46 percent of all new loan modifications during the third quarter, nearly twice that of any other category.

Prime loans constituted 23 percent of all new loan modifications during the third quarter.

New Loan Modifications
	First Quarter	Second Quarter	Third Quarter
Prime	14,163	24,300	30,130
Alt-A	15,521	24,917	31,695
Subprime	34,704	53,975	61,077
Other	8,489	11,247	10,204
Overall	72,877	114,439	133,106

Contents

Definitions and Methods

Overall Mortgage Portfolio

Overall Mortgage Performance

Seriously Delinquent Mortgages

Mortgages 30-59 Days Delinquent

Newly Initiated Home Retention Actions

Newly Initiated Home Retention Actions Relative to Seriously Delinquent Mortgages

Newly Initiated Home Retention Actions Relative to Newly Initiated Foreclosures

Loan Modification 30+ Re-Default Rates

Loan Modification 60+ Re-Default Rates

30+ Re-Default Rates by Loan Category

30+ Re-Default Rates by Investor

New Completed Foreclosures and Other Home Forfeiture Actions

Completed Foreclosures and Other Home Forfeiture Actions Relative to Seriously Delinquent Mortgages

Newly Initiated Home Retention Actions Relative to Completed Foreclosures and Other Home Forfeiture Actions

Foreclosures in Process at the End of the Third Quarter

Newly Initiated Foreclosures

Newly Initiated Foreclosures Relative to Seriously Delinquent Mortgages

Appendix A—New Loan Modifications

New Modifications Relative to Seriously Delinquent Mortgages

New Modifications Relative to Newly Initiated Foreclosures

Appendix B—New Payment Plans

New Payment Plans Relative to Seriously Delinquent Mortgages

New Payment Plans Relative to Newly Initiated Foreclosures

Appendix C—Short Sales and Deed-in-Lieu-of-Foreclosure Actions

Overview

Short Sales and Deed-in-Lieu-of-Foreclosure Actions Relative to Seriously Delinquent Mortgages

Short Sales and Deed–in-Lieu-of-Foreclosure Actions Relative to Newly Initiated Foreclosures

Appendix D—Completed Foreclosures

Overview

Completed Foreclosures Relative to Seriously Delinquent Mortgages

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