OCC and OTS Mortgage Metrics Report
Third Quarter 2008
Newly Initiated Home Retention Actions Relative to Newly Initiated Foreclosures
The following data show newly initiated home retention actions as a percentage of newly initiated foreclosures during the quarter. For any given loan category, a percentage exceeding 100 percent means newly initiated home retention actions exceeded newly initiated foreclosures.
The number of newly initiated home retention actions exceeded the number of newly initiated foreclosures during the quarter for all risk categories except prime borrowers.
| Newly Initiated Home Retention Actions (% of newly initiated foreclosures) |
| |
First Quarter |
Second Quarter |
Third Quarter |
| Prime |
37.73% |
43.13% |
54.73% |
| Alt-A |
71.75% |
91.26% |
111.87% |
| Subprime |
117.85% |
147.59% |
159.83% |
| Other |
96.78% |
110.43% |
124.10% |
| Overall |
74.87% |
87.85% |
102.30% |
|
