OCC and OTS Mortgage Metrics Report

Third Quarter 2008

Appendix B—New Payment Plans

New payment plans totaled 154,649 during the third quarter, an 11 percent increase from the second quarter. New payment plans constituted 54 percent of all home retention actions in the third quarter. Loan modifications have increased more quickly than payment plans.

Subprime loans constituted 39 percent of all new payment plans in the third quarter and only 9 percent of all loans.

Prime loans constituted 22 percent of all new payment plans in the third quarter and 67 percent of all loans.

New Payment Plans
	First Quarter	Second Quarter	Third Quarter
Prime	25,719	27,910	34,058
Alt-A	28,382	30,229	32,798
Subprime	56,674	56,765	60,048
Other	26,099	24,282	27,745
Overall	136,874	139,186	154,649

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

The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers.