OCC and OTS Mortgage Metrics Report
Third Quarter 2008
Short Sales and Deed–in-Lieu-of-Foreclosure Actions Relative to Newly Initiated Foreclosures
New short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures increased for all loan categories in the third quarter.
Prime loans had the most new short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures during the third quarter.
Subprime loans had the fewest new short sales and deed-in-lieu-of-foreclosure actions relative to newly initiated foreclosures in the third quarter.
Short Sales and Deed-in-Lieu-of-Foreclosure Actions
(% of newly initiated foreclosures)
|
| |
First Quarter
|
Second Quarter
|
Third Quarter
|
| Prime |
2.68% |
3.31% |
5.99% |
| Alt-A |
2.61% |
3.17% |
4.89% |
| Subprime |
2.28% |
2.67% |
3.39% |
| Other |
1.97% |
3.41% |
5.50% |
| Overall |
2.47% |
3.13% |
5.01% |
|
